during the last financial crisis. However, the FTX boss now appears to be the one in need of aid, leaving few obvious candidates to serve as industry saviors.
The sudden onset of problems at FTX, which had appeared to be in rude financial health, came as a surprise. That"creates a confidence crisis and reduces the appetite of other crypto companies to come to the rescue," the team said. "With the crypto market cap standing at just above $1tr before the FTX/Alameda Research collapse, our guess is that the crypto market will find a floor above $500bn in the current deleveraging phase," they added.
Its team predicted crypto players will face more pressure from investors and regulators to disclose their finances, protect client assets, and diversify their portfolios. Funds are also likely to manage their risks more carefully after witnessing the potential fallout from reckless behavior, they added.
“JPMorgan strategists” 🤣🤣🤣🤣
The ponzi scheme that crypto is should go to zero. If after seeing all this people still believe in this crap they are in a cult. Energy prices is the additional push this scam needs to go to down.
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Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »