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Is the FTX Collapse the Beginning of the End for Cryptocurrencies?

The collapse of FTX last week, which was the second largest crypto exchange, has sent a stark warning to all about the risks in the cryptocurrency space. The collapse also brings to light how far this asset has to go in terms of shedding the label that cryptocurrencies are akin to the Wild West. A lot has been written about the collapse of FTX and the highly speculative investments they made with client’s money that ultimately led to its downfall.

Bitcoin is also down around 78 percent in the last 12 months, however, investors are continuing to hold on to the hope of a return to better days of rampant speculation but is this realistic? Given that the collapse of FTX has created a huge hole and further increased the uncertainty in this area, will this be the beginning of the end for cryptocurrencies?

In this week’s Australian Stock Market Report, Dale also discusses what’s likely to unfold in the coming weeks on the All Ordinaries Index.

RESOURCES & LINKS:
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TIMESTAMPS
0:00 Intro
1:04 Is the FTX Collapse the Beginning of the End for Cryptocurrencies?
3:15 Australian Market – Best and Worst Performers
4:10 Visit talkingwealth.com
6:22 Australian Market Analysis
13:40 Answering Your Questions ASX:TLS
17:26 ASX:A2M
22:50 ASX:JHG
27:17 ASX:AGL
32:59 Outro

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