TechFlow News — Arthur Hayes, founder of BitMex, published a blog post discussing the FTX incident and its impact on the market. In the article, he reviewed the S&P's performance following the 2008 financial crisis. Although the S&P did not bottom out until March the following year, Arthur believes that unlike in traditional finance, the crypto industry will not receive "helicopter money"-style bailouts, meaning the bubble will deflate at maximum speed — "the final drop is coming."
Meanwhile, Arthur pointed out that FTX is not the first exchange to collapse, nor will it be the last.Original link
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