Conversation with Thomas Kralow, a crypto millionaire

Thomas Kralow is an investor and entrepreneur in the world of cryptocurrencies, and in an exclusive interview, he shared his views on the technological evolution of the sector and criticized the superficial perceptions common on social media.

With five years of crypto experience, Kralow has witnessed major market fluctuations, such as when Bitcoin was fluctuating between USD 5,000 and USD 7,000 before the COVID-19 crisis.

Kralow stresses the importance of understanding the hard work behind financial success. “People on social media only see the result. They don’t see the journey. People are envious of the Bugatti, but they don’t envy the thousands of hours that went into getting a Bugatti,” he comments. This phrase reflects his criticism of the simplistic vision that is often projected on the Internet, where only the final result is celebrated without considering the effort invested.

For Kralow, many new investors enter the crypto world looking for quick gains, lured by promises of multiplied returns. However, he insists that the real innovation is in blockchain technology, not in immediate gains. He stresses that solutions such as smart contracts and blockchain layers 1 and 2 are the real transformers.

While adoption of these technologies will be gradual, Kralow believes there are already significant advances, especially in decentralized exchanges (DEX). Improvements in speed and security, thanks to solutions like Layer 2, are essential to the future of the blockchain ecosystem.

A key criticism from Kralow is directed at the lack of accessibility in many DEXs. He believes that these platforms have, until now, been complex and unfriendly to the common user. “In the past, to use a DEX, you needed to be a rocket scientist,” he jokes, highlighting the need for simpler interfaces.

With his Event Horizon project, Kralow seeks to solve this issue. The platform promises an accessible experience, combining DEX best practices with Layer 2 technology to ensure fast and secure transactions. Unlike platforms such as Solana, which have struggled under high demand, Event Horizon guarantees continuous operation without sacrificing security or efficiency. In addition, users maintain full control of their assets, as the platform does not require escrow.

Kralow also warns that success in the crypto world is not for the unsuspecting. He points out that the key is correct information and prudence, avoiding risking large amounts on popular low-value tokens. “If you don’t invest all your family’s money in a meme token, you stand a chance,” he comments wryly, stressing the importance of a rational approach in this volatile market.

As for the future, Kralow is optimistic. Although mass adoption will take time, we are already seeing progress in accessibility and security that will open up new opportunities for global financial transformation.

His message is clear: cryptocurrencies are not just a way to make a quick buck, but a technology with the potential to change the economy. Those who understand their real value and are willing to put in the work will be the ones who truly seize the opportunities of this new world.

You can watch the full interview by clicking here.
You can visit our channel here to see other interviews to crypto world referents. NEWS HIGHLIGHTS
Fed rate cut impacted crypto investment products

Cryptocurrency investment products have seen substantial inflows following the US Federal Reserve’s decision to cut interest rates, according to cryptocurrency investment firm CoinShares.

Cryptoasset investment products recorded a second consecutive week of inflows during the week of September 15-21, totaling USD 321 million. New weekly inflows were slightly lower than the previous week, which totaled USD 436 million in inflows.

The increase was likely driven by the Federal Open Market Committee’s (FOMC) decision to cut interest rates by 50 basis points (bps), CoinShares noted in a weekly cryptoasset fund flows report, published on September 23.

BingX confirmed losses due to alleged hacking

Estimated losses of cryptocurrency exchange BingX from an alleged hack on September 20 reached over USD 52 million.

BingX first confirmed minor losses amid panic over hot wallet moves. It was the head of product at cryptocurrency exchange BingX, Vivien Lin, who first confirmed that there were “minor losses.” However, later the estimated amount exceeded $52 million.

Singapore-based cryptocurrency exchange BingX had first indicated that it suffered an asset loss after the cryptocurrency community noticed a large number of “suspicious” outflows from one of its hot wallets. Vivien Lin also explained that the monetary losses were mitigated because most customer funds were isolated by cold storage

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