Is Bitcoin Still Heading Into an Ice Age?
Bloomberg Crypto22 Nov 2022

Is Bitcoin Still Heading Into an Ice Age?

Before chaos broke out in the crypto market with the collapse of FTX, a report by digital-assets researcher CryptoCompare found that Bitcoin’s value…was still dropping. It appeared the industry wasn’t just heading into winter, but a possible “Crypto Ice Age.”

Then the stunning downfall of crypto exchange FTX, which halted withdrawals and declared bankruptcy, and the resignation of its CEO Sam Bankman-Fried, sparked a wide-ranging market downturn with Bitcoin dropping from its previous plateau of around $20,000.

As the digital-asset industry continues to adapt to a post-FTX reality, what will it mean for Bitcoin’s value?

Bloomberg reporters Olga Kharif and Vildana Hajric join this episode to discuss.

Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter

See omnystudio.com/listener for privacy information.

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