Bonus: Sam Bankman-Fried's multibillion dollar FTX fraud
The Real Story
Cryptocurrency Industry Evolution and Challenges
The chapter explores the evolution of the cryptocurrency industry, focusing on Bitcoin's price surge and shift towards becoming a digital gold store of value. It discusses regulatory challenges facing crypto exchanges in the USA and the impact of institutional investors on the market, including investments through retirement funds. The narrative touches on the original promise of cryptocurrencies for financial inclusion and the potential for countries like El Salvador to use them as alternatives to unstable national currencies.
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