Why One Asset Manager Avoided FTX Before the Storm: Bitwise Q&A
- No trade or custody assets on FTX, says CIO Matt Hougan
- ‘The fuzzy middle is where all the bad things happen’
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The cryptocurrency industry has been rocked by the implosion of the once-popular FTX exchange, whose downfall has brought down a number of firms and maimed or destroyed many others. Investors and those even tangentially related to what’s happened in recent days are still sifting through the rubble and awaiting the next dominoes to fall.
Matt Hougan, CIO at Bitwise, a crypto-focused asset manager who has witnessed other crypto winters, joins this week’s “What Goes Up” podcast to offer his observations and thoughts on how long the recovery process might take.