In this investment podcast Nucleus Wealth’s Chief Investment Officer Damien Klassen, Chief Operating Officer Shelley George and Chief Strategist, David Llewellyn-Smith discussed the recent crypto implosion. Following the collapse in FTX and subsequent chapter 11 filing for BlockFi, will there be a domino effect?
There are two main issues:
The size of the crypto market and how much the ‘negative wealth effect’ from the falls could have.
Could we see a run on exchanges similar to what we saw with Lehman in the financial crisis?