12-16-2022, 02:51 PM
- There are “no signs of spillover” from cryptocurrency into more traditional assets, according to an investment analyst from AJ Bell.
- Following the multi-billion-dollar collapse of exchange platform FTX, questions have been raised about whether cryptocurrency could impact other assets.
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There are “no signs of spillover” from cryptocurrency into more traditional assets, according to an investment analyst from AJ Bell.
Billions of dollars were lost when the exchange FTX collapsed, raising questions about whether movements in the crypto sphere could ricochet through to other financial systems.
“Crypto has a lot of money but it’s kind of built up as a separate ecosystem,” head of investment analysis Laith Khalaf said on “Squawk Box Europe” Wednesday.
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