Outlet: Atlanta Journal-Constitution
Date Published: December 18, 2022
Title: Georgia cryptocurrency players assess the fallout of FTX implosion
Summary: CleanSpark Executive Chairman Matt Schultz spoke with AJC to explain bitcoin's advantages versus other crypto. He also supports regulation, stating safety measures may draw additional consumers.
"Bitcoin has advantages that other cryptocurrencies may not, Schultz said. It’s decentralized, meaning that it isn’t controlled by one party. Every transaction is also publicly recorded and observable in the blockchain code, discouraging fraud, he said.
Meanwhile, FTX was centralized, controlling cryptocurrencies like FTT.
Bankman-Fried’s fall is part of cutting out the 'confusion and clutter' of cryptocurrency, Schultz said. He hopes it will highlight the benefits of Bitcoin to consumers and investors."