Cryptocurrency experts advise users to trust only bitcoin

New York Digital Investment Group (NYDIG) CEO Ross Stevens and Head of Research Greg Cipolaro shared their advice for crypto investors and why NYDIG has always «been and will always be a bitcoin company.»

«The industry continues to experience fraud, DeFi hacks, and other upheavals. I will repeat my main thesis: do not invest in other cryptocurrencies, only in bitcoin. Do not invest in DeFi if the project does not work with bitcoin. We have had the opportunity to cooperate with companies such as Three Arrows, BlockFi, FTX, and Celsius. We are not perfect, but we stick to our principles. Life is too short to do something with someone you don’t like and don’t trust,» Ross Stevens emphasized.

According to Cipolaro and Stevens, NYDIG provides bitcoin-related investment services to a variety of industries, including banking and financial technology. The only cryptocurrency in which New York Digital Investment Group is 100% confident is BTC $95,068.15 Bitcoin -1.57% Market capitalization $1.88 trillion VOL. 24 hours $2.31 billion . Top managers noted that NYDIG has always focused and will continue to focus on investing in the flagship digital asset.

To promote bitcoin, NYDIG and Deloitte launched a strategic alliance in late June to create a centralized approach to clients who want to invest in bitcoin. The partners will help firms of all sizes integrate cryptocurrencies into their operations. «The future of financial services will be based on the use of digital assets, and we are focused on showing our clients how to invest in cryptocurrencies properly,» Deloitte representative Richard Rosenthal said at the time.