FTX Collapse ‘Worse Than Enron’ as Contagion Spreads & Blockfi, USDC & USDT Also Face Collapse

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FTX Collapse 'Worse Than Enron' as Contagion Spreads & Blockfi, USDC & USDT Also Face Collapse

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FTX was the second largest CRYPTO Currency Exchange and is now in Chapter BANKRUPTCY with over 1 Million Creditors. The failure of FTX has caused CONTAGION in the sector. BLOCKFI is now reported to also be BANKRUPT & GEMINI is experiencing a run on its assets. In this video I provide more details on the FTX situation, look at the risks to the Crypto markets and discuss whether this could be a BLACK SWAN Event that causes another GLOBAL FINANCIAL CRISIS.

For specific details please check out the CHAPTER list below.

Thanks for watching and please LIKE and SUBSCRIBE.

Chapters:
0:00 Intro
3:22 FTX
9:05 FTT TOKENS
13:43 PROPRIETARY TOKENS
15:30 BLOCKFI
16:54 FUNDRAISING & VALUATION
21:35 BLOCKFI FUNDRAISING
22:41 CASH FLOW
25:00 CONTAGION
27:49 SUMMARY & CONCLUSION

#china
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds

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