What’s Next for Cryptocurrency After the Collapse of FTX?

Is the cryptocurrency bubble bursting now, or does crypto still have a viable future?

gold letter spelling out FTX being knocked down
(Image credit: Getty Images)

A wave of bankruptcies in the cryptocurrency industry have raised concerns about the future of digital assets in general, and whether the industry will make it through this market crash. 

First, consider the breadth of the carnage: The list of bankruptcies in the cryptocurrency market related to liquidity problems has grown substantially this year. To date, Three Arrows Capital, Alameda Research, Voyager Digital, FTX, Genesis BlockFi and Celsius Network have paused customer withdrawals or filed for bankruptcy after being unable to continue operations.

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Rodrigo Sermeño
, The Kiplinger Letter

Rodrigo Sermeño covers the financial services, housing, small business, and cryptocurrency industries for The Kiplinger Letter. Before joining Kiplinger in 2014, he worked for several think tanks and non-profit organizations in Washington, D.C., including the New America Foundation, the Streit Council, and the Arca Foundation. Rodrigo graduated from George Mason University with a bachelor's degree in international affairs. He also holds a master's in public policy from George Mason University's Schar School of Policy and Government.