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Bitcoin News Alerts | Daily BTC News

1102: BITCOIN CRASH TO $10K?! HERE’S HOW LONG CRYPTO NEEDS TO RECOVER FROM FTX CRASH!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 13 November 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

Popular crypto analyst Nicholas Merten of DataDash is laying out a timeline for Bitcoin (BTC) and cryptocurrency to recover from the FTX crash, involving Sam Bankman-Fried (SBF), Alameda Research, and its associated entities. "I would say, again, while everyone’s got different opinions on this, to be a bit more cautious. I would expect that if you’re really trying to buy the dip and you’re not going to wait for a trend reversal… We would likely expect something in this pocket somewhere around 82% and 84% as we reach that big even number of $10,000.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:25.5

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0:29.6

In today's show, $3 billion in Bitcoin has officially left the exchanges this week amid the FTX.

0:36.6

Contagion fears. That's right. It appears that more investors

0:39.4

are choosing self-custody of their Bitcoin funds in the wake of the FTX scandal and fallout.

0:45.1

In breaking news just in, FTX's largest asset holden is $2.2 billion of a crypto token called serum.

0:53.0

That's right, but its entire market cap is only 84 million.

0:56.3

And now for the kicker, Sam Bankman-Fried also founded serum. Also check this out, FTX bought $74 million

1:02.9

of real estate in the Bahamas this year of 2022 with your money. Also in today's show, San Bank

1:10.0

Mn-Freet is under supervision and the Bahamas

1:12.3

is looking to flee to Dubai. That's right. It's understood that SBF and two former

1:16.8

FTX associates are currently under supervision by Bahamian authorities. I'll be breaking this down

1:22.0

for you. Also in today's show, $389 million in FTT abruptly leaves FTX contract address and moves to an unknown

1:31.0

crypto wallet following the hack we talked about yesterday. Also in today's show, Elon Musk confirms

1:37.2

an encounter with FTX and says Bankman Freed set off his BS detector. As Elon tweets here, he set off

1:43.9

my BS detector, which is why I did not

1:46.0

think he had $3 billion referring to the Twitter acquisition. Also in today's show, Binan CEO, CZ,

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