Crypto Experts Discuss Crypto Trading Volume Collapse
- Ben Armstrong commented that the fall of the US Dollar would wreck the economy.
- The crypto analyst Altcoin Daily stated that the emergence of Uniswap and other DEXs highly impacted the crypto exchanges.
The crypto enthusiast and content creator Ben Armstrong, better known as BitBoy Crypto, commented in the recent episode of the cryptocurrency show Around The Blockchain that the fall of the US Dollar would “absolutely wreck the economy,” causing hyperinflation.
Around The Blockchain featured a talk with the leading crypto personalities, including Ben Armstrong, the Bitcoin investor Johnny Hopper, the crypto analyst Altcoin Daily, and the crypto event speaker Randi Hipper, discussing the recent collapse of the crypto trading volume.
The conversation began with anchor Deezy quoting former US President Donald Trump’s predictions of the US Dollar’s doom as an aftermath of the country’s high inflation rate and the debacle of the banking domains.
Trump, who blamed President Joe Briden’s administration policies for the economic downturn, stated:
Our currency is crashing and will no longer be the world standard, which will be our greatest defeat, frankly, in 200 years. That will take us away from being even a great power.
Further, the host moved on to discuss the 80% decline in the crypto trading volume, seeking opinions from Altcoin Daily on the impact of the “zero freedom” provided by the US regulators on the decline.
Responding to the question, Altcoin Daily asserted that there are two reasons for the decline: the lack of new people in the crypto market and the wide acceptance of the “huge payers” like Uniswap and other decentralized exchanges (DEXs).
While commenting on the possibility of new investors coming into decentralized exchanges, Johnny Hopper chimed in, positing that the young generation is lazy and will likely prefer easier platforms like Uniswap. Despite the decline in trading volume, the panelists remained optimistic about the future of cryptocurrencies and decentralized finance.