Bitcoin Is Ready To Move On From FTX’s Collapse, Proving Its Resilience In The Face Of Adversity

One year after FTX’s collapse, bitcoin (BTC) has recovered to reach new highs after weathering a bear market and regulatory crackdown.

Following FTX’s collapse, BTC’s price dropped to $15K, but after a year it has risen to around $35K, marking a 70% increase.

bitcoin’s recovery began in early 2023, with the price surge attributed to macroeconomic factors and its growing utility.

Experts believe that bitcoin’s resilience and decentralization have contributed to its rebound, making it a reliable option compared to other blockchain networks.

Sam Bankman-Fried, the founder of FTX, is facing legal troubles, while bitcoin is expected to end the year on a strong note.

bitcoin“>ETFs may change the game for bitcoin

Experts believe that the approval of a spot bitcoin ETF and bullish moves by institutional investors, along with other factors, could send bitcoin to new highs.

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