FTX and Bitcoin are good and bad – Bitcoin Magazine

FTX and Bitcoin are good and bad – Bitcoin Magazine

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transferring to the finance corps.

When one of the Bitcoin Magazine editors reached out to ask what I thought the FTX collapse meant for bitcoin, my first instinct was simply “Tick-tock next block.”

However, after some reflection, I think it is difficult to cover this scenario in a one-dimensional view.

For whatever reason, my mind immediately went to an old Clint Eastwood movie, “The Good, The Bad And The Ugly,” which conveniently provides the perfect setting for my thoughts on this predicament.

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