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FTX and Crypto Bust Show Capitalism’s Limits

by The Dao Makers
December 18, 2022
in Bitcoin
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We’re all astounded that FTX, now primarily price nothing, was valued at $32 billion a couple of months in the past, and that lending service Celsius Community clocked in at $3.5 billion earlier than it went underneath. However we ought to be asking related questions in regards to the investments and deposits that poured into Binance, Coinbase, Kraken, Crypto.com and different such exchanges. I’m not suggesting that they too are on the verge of chapter or are suspected of fraud, reasonably that we should always replicate on the inflated expectations for long-term development that drew the inflow into all the trade.



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