2min chapter

My First Million cover image

Reaction To The Collapse of FTX and Sam Bankman-Fried

My First Million

CHAPTER

Is Crypto Going to Fail?

I don't think it's going to fail because of this, like we've seen actually before, the number one exchange go down before. It's just like, as the industry grows, disasters cost a lot more money and they affect a lot more people. So I think startups and in this case crypto, it'll die if it dies of starvation, not of competition. Like startups don't usually die due to competition. You don't die because you got hunted, you died because you starved.

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