FTX Collapse May Bring Bull Market Faster, Says Prominent Trader

that the headline-grabbing implosion of the FTX exchange might actually make the ongoing bear market shorter. published by The Economist argues that the cryptocurrency industry might not be able to survive after its reputation suffered a catastrophic blow. It argues that crypto has never looked so “criminal, wasteful, and useless.”

Meanwhile, a recent Financial Times article makes a case against creating a legitimacy-inferring cryptocurrency regulation framework since crypto has to simply burn into oblivion after the FTX collapse. While Mahmudov’s recent comment might be easily dismissed as wishful thinking, JPMorgan analysts offered a rather similar view in their recent note. The largest U.S.

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The FTX contagion: Which companies were affected by the FTX collapse?Some of the firms affected include Genesis, Sequoia Capital, Galaxy Digital, and Galois Capital.
Source: Cointelegraph - 🏆 562. / 51 Read more »