Over the last week, the cryptocurrency exchange FTX imploded after marketing itself as the safest and easiest way to get into crypto-based investing.
The second biggest crypto exchange sought bankruptcy last week, and then company CEO Sam Bankman-Fried resigned.
Turns out, FTX had just $900 million dollars in liquid assets against $9 billion in liabilities.
Sam Dickie, Fisher Funds Senior Portfolio Manager theorised as to what something like this means for the crypto market going forward.
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