1. The impact of the crisis associated with the collapse of FTX has yet to be felt. We will see cascading negative effects, especially for those close to the FTX ecosystem.
2. The cryptocurrency crisis can be compared to the 2008 financial crisis.
3. Clearly, FTX won’t have enough cash for a $1.4 billion Voyager deal.
P.S. By the way, FTX US is also going bankrupt, so we can expect a cascading bankruptcy of Voyager, BlockFi, Matrixport, etc. The list will obviously grow.
