WuBlockchain
OKX founder and CEO Star Xu said Bitcoin had nearly “died” several times, citing early forks, hash-power attacks, the collapse of Mt. Gox, scaling disagreements and the later FTX incident. He made the remarks in an interview on the New Era Finance Podcast.
Why it matters
Xu’s argument is a resilience thesis: crises can stall the industry for months or even a year, but resolving them can leave crypto better, bigger and stronger than before. The examples span technical disputes, security pressure and major exchange failures.
Market impact
The comments frame Bitcoin’s history as a series of stress tests. For investors, the key signal is the industry’s ability to absorb disruption and emerge stronger after major technical, market and institutional setbacks.
Frequently asked questions
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Which Bitcoin crises did Star Xu cite?
Xu cited Bitcoin’s early forks, hash-power attacks, the collapse of Mt. Gox, scaling disagreements and the later FTX incident.
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How long can crypto crises take to resolve?
Xu said resolving major industry problems can take months or even a year.
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What is Xu’s view of Bitcoin’s resilience?
He believes that once major problems are resolved, the crypto industry can become better, bigger and stronger than before.
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Why does the interview matter to Bitcoin investors?
It presents Bitcoin’s history as a series of stress tests and focuses on the industry’s ability to absorb disruption and recover.
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What role did scaling disputes play in Xu’s account?
Scaling disagreements were one of the major conflicts Xu identified as part of Bitcoin’s difficult development history.
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