Most Crypto Companies Wouldn’t Exist in Some Years

The largest asset manager globally, BlackRock, has already entered the crypto world through its partnership with Coinbase.

Larry Fink, its CEO, stated that the company had invested only (!!) $24 million to FTX, that are vanished now. Based on that, he commented that most of the crypto companies would not exist in the upcoming years.

This doesn’t mean that the entire crypto sector will disappear. The new companies that will enter the space will be much more prepared for what might happen and the regulatory frameworks that will implemented in the future.

We wait to see what will happen at institutional level after the FTX-caused situation and the new actions that will taken from the companies.