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?
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Sam Kerr is a Senior Financial Advisor at Nucleus Wealth.