After years of pooh-poohing cryptocurrency, institutions finally entered the crypto market last year and fell straight into crypto winter. The collapse of FTX was a knockout blow in an already brutal year.
spoke to several registered investment advisors who said the FTX collapse doesn't change their crypto investing thesis but that it's high time investors figure out how best to secure their crypto. "Right now [investors] are going back to basics, doing their homework, finding out what this means," said Lyn Alden, founder of Lyn Alden Investment Strategy. "They're also looking for more regulatory clarity.
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How long before they're begging for bailouts? The red flags are everywhere.
Of course they are, because now they can get in on the cheap. 🤡