Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022; Will Bitcoin Hit $1M by 2030?

Bankrupt cryptocurrency exchange FTX had around $1.4 billion in cash as of the end of 2022, according to an interim financial update filed on Wednesday. This comes as a New York judge has prohibited former FTX CEO Sam Bankman-Fried from attempting to contact any former or current employees of Alameda Research or FTX. Plus, ARK Invest is out with its 2023 "Big Ideas" research report and predicts bitcoin (BTC) will still close the decade at $1 million because its fundamentals are sound, despite a turbulent 2022.

See also: ​​

Why Venture Capitalists Won’t Be Held Accountable for Investing in FTX

Bankrupt Crypto Exchange FTX Had Around $1.4B Cash at End of 2022

Judge Bans Sam Bankman-Fried From Contacting FTX Employees and Using Signal

ARK Invest Maintains Prediction Bitcoin Price Will Hit $1M by 2030

This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”