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Is Cryptocurrency Dead? Will the FTX Fallout Kill Crypto?
Manage episode 347226658 series 3234219
How the bankruptcy of FTX, the world's third-largest crypto exchange, undermines trust in cryptocurrency and decentralized finance, making it even more difficult for crypto to ever be taken seriously as a monetary alternative.
Topics covered include:
- How FTX squandered its customers' deposits
- How FTX is another example of a private money bank run
- How traditional securities lending works and why it is very low risk compared to the highly speculative nature of cryptocurrency lending platforms
- How FTX's demise is impacting numerous entities including Voyager, BlockFi, Bitcoin miners, venture capitalists, and many others
- How should individual investors store cryptocurrency, and does it even make sense to continue to own it
For more information on this episode click here.
Sponsors
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Show Notes
Don't Miss Out on Crypto: Larry David FTX Commercial
The spectacular implosion of crypto’s biggest star, explained by Emily Stewart—Vox
FTX balance sheet, revealed by FT Alphaville—Financial Times
After FTX: Rebuilding Trust in Crypto’s Founding Mission by Noelle Acheson—CoinDesk
How Sam Bankman-Fried’s Crypto Empire Collapsed by David Yaffe-Bellany—The New York Times
Related Episodes
393: What Happens If Your Brokerage Firm Goes Bankrupt
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
489 episode
Manage episode 347226658 series 3234219
How the bankruptcy of FTX, the world's third-largest crypto exchange, undermines trust in cryptocurrency and decentralized finance, making it even more difficult for crypto to ever be taken seriously as a monetary alternative.
Topics covered include:
- How FTX squandered its customers' deposits
- How FTX is another example of a private money bank run
- How traditional securities lending works and why it is very low risk compared to the highly speculative nature of cryptocurrency lending platforms
- How FTX's demise is impacting numerous entities including Voyager, BlockFi, Bitcoin miners, venture capitalists, and many others
- How should individual investors store cryptocurrency, and does it even make sense to continue to own it
For more information on this episode click here.
Sponsors
LinkedIn – Post your job for free
Show Notes
Don't Miss Out on Crypto: Larry David FTX Commercial
The spectacular implosion of crypto’s biggest star, explained by Emily Stewart—Vox
FTX balance sheet, revealed by FT Alphaville—Financial Times
After FTX: Rebuilding Trust in Crypto’s Founding Mission by Noelle Acheson—CoinDesk
How Sam Bankman-Fried’s Crypto Empire Collapsed by David Yaffe-Bellany—The New York Times
Related Episodes
393: What Happens If Your Brokerage Firm Goes Bankrupt
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
489 episode
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