Following in the footsteps of Celsius and Terra Luna is Sam Bankman Fried’s crypto firm FTX, another participant in the ongoing crypto catastrophe narrative.
Even while the other two crashes were significant, this one is considerably worse since FTX’s crash snowballed, bringing down other companies with it.
What institutional investors think about the digital currency space after FTX may be gleaned from Laurence Fink’s comments. Fink is the chairman and chief executive officer of BlackRock, an American investment management corporation.
Market analysts are of the opinion that crypto technology will have a significant impact on the financial sector in the not-too-distant future. And Fink concurs with this line of thinking.
Emotions are running high today, fueling widespread selling, which has been compounded by the US Federal Reserve’s decision to raise interest rates, not to mention the FTX disaster.
Many of the investors…
