- Months of crypto market turmoil featuring trillions in destroyed wealth and culminating with the recent implosion of high-flying brokerage FTX has many questioning the long-term viability of crypto.
- While supporters point out the past boom-bust nature of crypto markets, post-2020 retail and institutional investors who propelled crypto to new heights are becoming disillusioned.
- FTX’s meteoric rise and sudden bust has many finance professionals questioning crypto’s lack of regulatory oversight.
- While crypto won’t disappear, the bust has been a blow to building widespread trust.
