{"id":463677,"date":"2022-06-15T22:00:00","date_gmt":"2022-06-15T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-is-here-to-stay-even-as-new-innovations-develop-bybit-founder\/"},"modified":"2022-06-15T22:00:00","modified_gmt":"2022-06-15T19:00:00","slug":"bitcoin-is-here-to-stay-even-as-new-innovations-develop-bybit-founder","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-here-to-stay-even-as-new-innovations-develop-bybit-founder\/","title":{"rendered":"# Bitcoin is here to stay even as new innovations develop \u2014 Bybit founder"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a277b54780f5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a277b54780f5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-here-to-stay-even-as-new-innovations-develop-bybit-founder\/#%E2%80%9D_Bitcoin_is_here_to_stay_even_as_new_innovations_develop_%E2%80%94_Bybit_founder_%E2%80%9C\" >&#8221; Bitcoin is here to stay even as new innovations develop \u2014 Bybit founder &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_is_here_to_stay_even_as_new_innovations_develop_%E2%80%94_Bybit_founder_%E2%80%9C\"><\/span>&#8221; Bitcoin is here to stay even as new innovations develop \u2014 Bybit founder &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvODJjNWYwOGUtOWY4ZC00NjNjLWExOWYtMTFmZGQ3NzkyYzI3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Cointelegraph&#8217;s editor-in-chief Kristina Corn\u00e8r interviewed Bybit founder Ben Zhou at the Formula 1 Grand Prix at Monaco, discussing topics like educating newcomers in crypto, the effects of the Terra (LUNA) \u2014 now known as Luna Classic (LUNC) \u2014 debacle on institutional interest and the survival of Bitcoin (BTC) amid new developments in the industry.\u00a0<\/p>\n<p>According to Zhou, the firm&#8217;s partnership with Red Bull Racing has allowed them to reach an audience that is new to crypto. Because of this, the Bybit founder noted that their team has been putting some focus on education. \u201cEducation is one part. We focus on teaching people why and how is crypto playing a part,&#8221; Zhou said. <\/p>\n<p>Apart from educating newcomers, the duo also talked about how the recent Terra collapse has affected the interest of institutional investors\u2019 trust in crypto. Weighing in on the topic, Zhou said that events like the Terra crash can h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en with any new industry. He noted that: <\/p>\n<blockquote><p>\u201cLUNA was not the first kind of collapse that we&#8217;ve seen. I think we&#8217;ll get over it and gradually move on.\u201d<\/p><\/blockquote>\n<p>When asked if Bitcoin will remain the main crypto in the space in the coming years as new innovations like nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse becomes more developed, Zhou expressed that while the future is uncertain, he remain&#8217;s &#8220;bullish.&#8221; He explained that: <\/p>\n<blockquote><p>\u201cI believe Bitcoin is here to stay for sure. For me, Bitcoin is a store of value. It&#8217;s kind of like gold, right? [&#8230;] There&#8217;s a concrete need for it.\u201d<\/p><\/blockquote>\n<p>Zhou also highlighted that he believes in crypto because it redistributes power. The Bybit founder noted that &#8220;crypto is really a revolution for the financial system.&#8221; While traditional finance is controlled by a few, Zhou noted that crypto gives power back to the people.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>F1 Monaco GP: Bybit\u2019s Red Bull Racing NFTs, crypto-F1 partnerships and more<\/em><\/strong><\/p>\n<p>Back in April, Bybit expanded its services into crypto options trading, letting its users trade options and perpetuals using USD Coin (USDC). According to the exchange, the move was an attempt to reach investors who are more familiar with traditional finance markets. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/hold-bitcoin-is-here-to-stay-even-as-new-innovations-develop-bybit-founder\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin is here to stay even as new innovations develop \u2014 Bybit founder &#8220; Cointelegraph&#8217;s editor-in-chief Kristina Corn\u00e8r interviewed Bybit founder Ben Zhou at the Formula 1 Grand Prix at Monaco, discussing topics like educating newcomers in crypto, the effects of the Terra (LUNA) \u2014 now known as Luna Classic (LUNC) \u2014 debacle on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":463678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvODJjNWYwOGUtOWY4ZC00NjNjLWExOWYtMTFmZGQ3NzkyYzI3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,74863,75917],"class_list":["post-463677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-cryptocurrencies","tag-exchanges"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=463677"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/463678"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=463677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=463677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=463677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}