RE: RE: The fall of BTC leads to the apparent bankruptcy of the FTX project.
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RE: The fall of BTC leads to the apparent bankruptcy of the FTX project.

yintercept(64)
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The title of your post suggests that the troubles at FTX happened because of the drop in the price of BTC.

I think that a better explanation is that the collapse of FTX caused the current dip in BTC.

FTX was an centralized top heavy exchange with some serious internal problems. The company had a valuation of several billion. When the internal faults of the company surfaced, the overvalued company imploded leading to chaos all around.

BTC is a decentralized blockchain. A well defined blockchain functions regardless of the price of the coin.

!WINE

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