EPISODE · Nov 29, 2022 · 24 MIN
Where does the FTX disaster leave the cryptocurrency industry?
from The Week in Philly from KYW Newsradio · host Audacy
Is it the 2020s, or the 1920s? Given how fast and hard FTX fell in a manner reminiscent of the bank panics in the early 20th century, we had to do a double-take. But if you know your history, the comparison isn't a stretch. How did FTX, at one point perceived to be a cryptocurrency juggernaut, lose everything in a matter of days? What headwinds does the collapse signal for the rest of the industry? Villanova University Associate Professor of Finance John Sedunov shares his analysis.
What this episode covers
Is it the 2020s, or the 1920s? Given how fast and hard FTX fell in a manner reminiscent of the bank panics in the early 20th century, we had to do a double-take. But if you know your history, the comparison isn't a stretch. How did FTX, at one point perceived to be a cryptocurrency juggernaut, lose everything in a matter of days? What headwinds does the collapse signal for the rest of the industry? Villanova University Associate Professor of Finance John Sedunov shares his analysis.
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Where does the FTX disaster leave the cryptocurrency industry?
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