The Bitcoin Price Goes Down

FTX is going down. BlockFi may be out of business as well due to their exposure to FTX, Genesis Trading, which is a sub-company of Grayscale,. There's rumors going around that they're going to go under as well. Crypto.com has laid off 50% of their workforce in the last two days and they haven't moved any money from their business accounts. If Bitcoin is being used as collateral for loans, those people are getting liquidated, causing cascade. So we could see we could see massive contagion spread out.