3 reasons why the FTX fiasco is bullish for Bitcoin

Cointelegraph

Published Nov 17, 2022 10:30AM ET

Updated Nov 18, 2022 12:40PM ET

The "Bitcoin-is-dead" gang is back and at it again. The fall of the FTX cryptocurrency exchange has resurrected these infamous critics that are once again blaming a robbery on the money that was stolen, and not the robber.

"We need regulation! Why did the government allow this to happen?" they scream.

Bitcoin performance since debut. Source: TradingView
Bitcoin reserves across all exchanges. Source: CryptoQuant
Flow by asset. Source: Bloomberg/CoinShares
Bitcoin addresses count with a non-zero BTC balance. Source: Glassnode

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