This chapter explores the early days of the crypto industry, focusing on the presence of passionate nerds and quirky characters who believed in the power of cryptocurrency. It highlights the contributions of pioneers like Charlie Schrem, Roger Wuhrer, and Sam Bankman-Fried's successful launch of FTX.
The meltdown at FTX scared a lot of retail investors away from crypto. But many big banks have doubled down, and are pushing cryptocurrency more into the mainstream.
In today’s episode of the Big Take podcast, Bloomberg senior crypto reporter Olga Kharif explains how traditional financial institutions have gotten behind the technology underpinning crypto and what it means for the rest of the industry.
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