![Silver](http://web.archive.org./web/20221122211520im_/https://www.redditstatic.com/gold/awards/icon/silver_32.png)
![Take My Energy](http://web.archive.org./web/20221122211520im_/https://preview.redd.it/award_images/t5_q0gj4/p4yzxkaed5f61_oldtakemyenergy.png?width=32&height=32&auto=webp&s=100f785bf261fa9452a5d82ee0ef0793369dbfa5)
J.P. Morgan analyst: “while the news of the collapse of FTX is empowering crypto skeptics, we would point out that all of the recent collapses in the crypto ecosystem have been from centralized players and not from decentralized protocols."
![](http://web.archive.org./web/20221122211520im_/https://www.redditstatic.com/desktop2x/img/renderTimingPixel.png)
J.P. Morgan crypto analyst Steven Alexopoulos found silver-linings in the FTX catastrophe, writing in U.S. Mid- and Small-Cap Banks Crypto Banking Weekly:
Collapse of FTX a Painful Step Back but Might Prove to be the Catalyst that Moves Crypto Two Steps Forward
With FTX emerging earlier this year as a white knight, bailing out troubled crypto-related companies, the news of FTX itself collapsing this week sent shockwaves through the crypto markets. While this is certainly a major short-term setback, we see the widely publicized collapse of FTX as potentially dramatically accelerating the timeline to which crypto-related regulation will be ushered in (similar to new banking regulation which followed the GFC).
As a result, we see the news surrounding FTX as one step back, but one that could prove to be the catalyst to move the crypto economy two steps forward (further unlocking the utility value of blockchain). In fact, we see the establishment of a regulatory framework as the needed catalyst to massively ramp the institutional adoption of crypto.
Moreover, while the news of the collapse of FTX is empowering crypto skeptics, we would point out that all of the recent collapses in the crypto ecosystem have been from centralized players and not from decentralized protocols.
![](http://web.archive.org./web/20221122211520im_/https://www.redditstatic.com/desktop2x/img/renderTimingPixel.png)
For more in-depth skeptical discussion, we encourage our readers to use this search listing for help finding the latest Skeptics Discussion thread.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
Plot Twist: he is a shitposter himself and thinks moons will got to $100.
A lot of people like him probably read here.
Can't wait for the day to have a post from here involved in a congress hearing.
A lot of people visit this sub
I remember seeing that Vitalik used to comment here randomly
Won’t be surprised if others do as well, hiding behind their anonymity
You'd be surprised how many "journalists" vidit this sub and actually quote people from here in their articles
Based jp morgan shit post...
Wait what.
At least they're not reading WSJ or other shitty publications
What unexpected sentiment it must be for them to be both right and miss the fucking point entirely on purpose, lol.
JPM: Please don't have a panic attack immediately, whoresons.
2 more replies
If anything FTX has further proven the need for decentralized crypto and decentralized blockchain more than ever.
It operated like 2008 corrupt traditional finance. It was a scammy centralized operation. Regardless if they were trading stocks, forex, crypto, or whatever.
Just like when a scammy pawn shop that cons people who come sell their gold, it's obviously not gold that's the issue, it's the pawn shop.
![](http://web.archive.org./web/20221122211520im_/https://meta.redditmedia.com/public/cryptocurrency/badges/membership/1_year_40x40.png)
![](http://web.archive.org./web/20221122211520im_/https://meta.redditmedia.com/public/cryptocurrency/badges/reward_202205/strategy_40x40.png)
The one good thing about something collapsing in every single bear market is that it brings in regulation that we need to be in a better place during the next bull market. Then something is going to collapse again. It's a cat and mouse game that hurts in the mid-term but is beneficial in the long run.
If anything FTX has further proven the need for decentralized crypto and decentralized blockchain more than ever.
Yeah, bitcoins been around since 2008. When exactly does it gain adoption (not speculation…but actual real life use).
About Community
Members
Online
Similar to this post
- r/MachinistsYou have subscribed to Wackie Work holding Weekly98%26Sep 19
r/linguistics
Hey /r/linguistics, I have created /r/occitan. Please...91%103/24/2013r/fantasyfootball
My brother and I made a trade finder app. Help us test it!91%875dr/FinancialCareers
J.p. morgan Global Finance internship100%711/23/2021- r/retirementJ. P. Morgan Annual Guide to Retirement 202295%4Oct 28
r/ethereum
J.P. Morgan has executed its 1st live trade on public...95%51Nov 2r/StockMarket
J.P. Morgan trims equity positions, adds to bonds100%4Oct 19r/Bitcoin
J.P. Morgan — “while the news of the collapse of FTX is...98%2543dr/CryptoCurrency
New CEO of FTX has just released a declaration and it is...94%2.0k5dr/CryptoCurrency
Joe Biden Leads ‘Critical’ Call For Game-Changing, Global...89%1.8k2dr/CryptoCurrency
Alameda Research CEO's Tumbler blog hints at "Imperial...93%1.6k4dr/CryptoCurrency
Justin Bieber Paid $1.3 Million for a Bored Ape NFT. It’s...90%7986dr/CryptoCurrency
Solana is being wiped out. TVL has crashed to $280m and...90%1.5k3dr/CryptoCurrency
Binance Moved $2.7 Billion Out Of 'Proof Of Reserves'...95%9845dr/CryptoCurrency
If you direct deposited money in FTX in the last 60 days...87%5163d