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Matt Wallace said he wants the crypto sector to improve its security, emphasizing that people are entrusting these platforms with real money.
He questioned what would serve as a stronger wake-up call for the entire crypto industry, underscoring the importance of addressing security challenges.
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Wallace has recently reported that Bitcoin traders see a crash to $70,000 as more likely than a rally to $100,000 before 2027, according to his analysis in a previous article. He has also covered activity outside crypto, noting that several major railroad companies are seeking mergers to control pricing in the rail transport sector. Wallace’s recent comments on industry security add to his ongoing coverage of key financial risks.