Crypto Contagion: Are More Dominoes Going to Fall Since FTX Blew Up?

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In this clip, Mitch and I discuss one of the hottest topics in crypto right now: contagion. People are running and screaming and worried that FTX has a lot more damage to do in the weeks and months following its collapse. Some people even think we'll see contagion spread for the years to come.

In my opinion, there is still contagion but I believe the big blow-ups are now out of the way. Again, just my opinion - I could be very wrong.

Despite all of the controversy, a few things are for sure - we have seen free fall in the number of institutions and funds interested in investing in crypto. We've also seen a massive blowup of trust in this industry.

It will take time to recover from the shitstorm that SBF left behind. But if Crypto does one thing, it is recover...

In this Clip:

• Companies might start falling like flies after FTX
• It's a free market, you have to DYOR
• MAkerDAO example of conservative in the cryptospace
• We've probably seen the majority of the contagion
• Things happen fast in crypto
• Small players might emerge after this debacle
• History books of crypto, one of the most interesting weeks in crypto - feels like it's been weeks, been just one
• Panic among non crypto bros, asking if we ok
• Example of thread about hedge fund that blew up - Capital going into crypto, holding the crypto in CEXes (over 70% of their portfolio on FTX - 100s MM USD) How the hell can this happen to "pro hedge funds"? example of holding cash in the basement
• Tradfi doesn't know how to thread on crypto?
• It will take a while to recover, this delayed crypto adoption by years, institutional investors are taking a step back
• FTX proved that it is not the right time for institutional investors to go all in

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