In a grand live broadcast on May 13, Miles Guo analyzed the main reasons behind the recent turmoil in the digital currency market. He pointed out that the Himalaya Exchange is the safest and most stable financial system in this crisis.
By observing the trading plot of digital currencies in the past several days, Miles concluded that the swamp behind these currencies is a handful of people who designed a scam. The world’s digital currency markets have recently seen a collective plunge, and behind the scam was high leverage and collusion between the Chinese Communist Party (CCP) and Russia.
Miles said all digital currency systems and fiat banking systems have a common problem, which is whenever there is a run on banks, the whole financial system is destroyed. Himalaya Exchange is designed without any leverage, with a stable ratio of 1 USD to 1 HDO, as well as a 20% gold reserve in case USD runs out. Miles added that the Himalaya Exchange is the most stable financial system in the world, without any collusion with the CCP or Russia. When the world financial crisis comes, the safety of every consumer’s money will be protected.
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