The media were all over FTX losing $8 Billion. Not much mention of the crypto market up $2 Trillion+ since.

At the time of the FTX collapse reports were around $8.9b of customers funds had gone missing. The demise of FTX was covered literally everywhere, making headlines around the world. All the outlets that you never see any coverage on crypto on were out in force.

Before long they had the world convinced that FTX was the GOAT exchanges and that SBF had become our King.. the King of Crypto. Which anyone within crypto knew… was a lot of shite.

Like many, my phone blew up. 'Wow, just heard Bitcoin died", "Man, so sorry to hear about the death of Crypto" etc etc. At the time, my reply was this is all a storm in a teacup, which will blow over with time much the same as Mt Gox, China Fud etc etc. There's actually been worst times to get on board. Like most cycles.. most didn't care. However it's still important to remember that shit will continue to happen, that these early boom/ bust adoption cycles are a feature and will continue to occur for the foreseeable. When crypto winters hit and crypto gets boring these are the greatest times to DCA.

It will be interesting to see how many media outlets cover Bitcoin breaching $100k but at the end of the day know it won't matter a shit over the long-term. As for exchanges, in crypto nothings over until it's over. Like Mt Gox many FTX are in line for receiving funds or at least part funds back. I appreciate there's still some argument around what should be due but the takeaway was that, things didn't pan out quite so bad as the media led you to believe.

TL;DR

Shit will always happen. Booms/ Bust adoption cycles are a feature. Keep calm and carry on stacking. Harvest those crypto winters. Fuck the mainstream media.