All these crypto bankruptcies are bad right?!
Terrible for crypto right?!
Yes and no.
They are not all created equal.
First of all they were terrible for all the investors that got caught up in them
However, looking forward from now there are some very large ones that will be shipping out cash to their customers.
This cash is very likely going to need a home.
That home could very well be right back into bitcoin and crypto.
So, while these bankruptcies were bad at first, they may end up boosting markets later on.
The main two being the Genesis one and eventually the FTX one.
Both should be shipping out cash to their customers from here to the end of the year…
(Source: https://x.com/BitcoinNewsCom/status/1819413229644267732/photo/1)