FTX Crypto Collapse Is Nothing New – Bitcoin Magazine

This is an opinion editorial by Kane McGukin, who has 13 years of wealth management experience spanning brokerage and institutional equity sales. He is an independent registered investment advisor.

“This gamble came undone due to the dumping of millions of dollars in copper into the market to stop a hostile takeover in an unrelated organization.”

–Knickerbocker Trust Company, Wikipedia

FTX's collapse mirrors that of most liquidity crises over the last 100 years, but Bitcoin offers a break in the cycle.


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