Crypto Contagion! Is FTX the Tip of the Iceberg? | Nucleus Investment Insights

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.

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