Is Crypto Dead in 2023 After FTX Collapse
Over the previous few weeks and months, the value of Bitcoin has significantly decreased by 75%, or down to a fourth of its original value.
For whatever reason, it is promoted as a superior form of the store of value for precious metals such as gold and the US dollar.
Recently One of the Crypto Billionaires Sam Bankman-Fried a $15.6 Billion loss in a single Day. The inevitable “crypto is finished” criticism follows from Wall Street and the Square Mile. So, Is crypto dead? Is it true or not?
Various cryptocurrencies have performed worse. Many cryptocurrencies’ values have decreased by 80–90% or more in a year, and some have even been wiped out entirely. The majority of crypto investors are currently sitting at home with losses.
When investing these days, it might be difficult to resist the buzz around a relatively new asset class called cryptocurrencies.
The creation of Bitcoin in 2009 opened the door for a plethora of other cryptocurrencies that provided a novel way to invest money and increase wealth through the cryptocurrency market.
