Published On: Tue, Apr 10th, 2018

Mt. Gox CEO: ‘Bitcoin May Have Trouble Evolving and Keeping Up’

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Mark Karpeles, the former CEO of Mt. Gox, recently made comments about his distaste for Bitcoin.
No Longer a Fan
It has become apparent that Mark Karpeles, former owner and CEO of the now defunct Mt. Gox exchange, has lost faith in the appeal of Bitcoin and other cryptocurrencies. He recently expressed some negative comments concerning the cryptocurrency space on a recent Reddit post.
He commented:
The technology is definitely here to stay, but Bitcoin may have trouble evolving and keeping up.
This comment came in response in a question posed by a user on the Reddit forum platform. The question asked by the user asked was, “Do you still believe in Bitcoin?” In addition to this statement, Karpeles has confirmed that he currently does not own any Bitcoin and alluded to the fact that he does not own any other cryptocurrencies as well.

Karpeles’ lost trust in Bitcoin is interesting, just a few years ago, he was one of the main market catalysts in the Bitcoin movement.
Just 4 years ago, Mt. Gox was essentially the one and only Bitcoin exchange which channeled millions in volume with thousands of customers during 2013 and early 2014. There was a …

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