FTX Fallout and Digital Currency Dynamics

This chapter examines the impact of the FTX collapse on the cryptocurrency market and the ensuing reassessment of cryptocurrencies' intrinsic value. It discusses the challenges of Bitcoin's limited supply and the potential for wealth concentration among holders, while also exploring the implications of a centralized digital currency in the U.S. The conversation extends to the Federal Reserve's approach to digital currencies, their integration into regulatory frameworks, and the societal ramifications tied to these developments.