The Looming Denouement
Tim Knight | Nov 19, 2022 11:43PM ET
Clearly this FTX saga is not over. I’m still amazed that, last week, people bid the FTX token up by about 200%, only to see it erased. Until this thing is $0.00, the SBF saga grinds on.
And, once the other shoe drops, my view is that these two equities are in even worse trouble than they already are: Coinbase (NASDAQ:COIN) and Robinhood (NASDAQ:HOOD).
h2 Coinbase/h2In the meanwhile, the crypto space seems to have achieved a temporary perfect equilibrium, and it’s like prices have reached a state of absolute zero. Nothing’s moving anymore.
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