Bitcoin has surprisingly held up since the FTX collapse, but the fall to $10,000 will take more time, strategist says

Dec 14 2022 by Business Insider

 

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Bitcoin has shown surprising strength in the wake of the FTX implosion, according to Peter Tchir.  The Academy Securities strategist told Bloomberg TV on Wednesday that a fall to $10,000 would take more time.  He added that "there are no rules" when it comes to cryptocurrencies. 

Bitcoin has remained surprisingly resilient in the wake of the collapse of Sam Bankman-Fried's FTX, and a steeper dip in the price of the world's largest cryptocurrency will take time, according to...

Continue Reading Bitcoin has surprisingly held up since the FTX collapse, but the fall to $10,000 will take more time, strategist says