There are 'no signs of spillover' from cryptocurrency into more traditional assets, according to an investment analyst from AJ Bell.
There are "no signs of spillover" from cryptocurrency into more traditional assets, according to an investment analyst from AJ Bell.
The collapse of FTX has sent shockwaves through the cryptocurrency industry. The price of bitcoin and other major digital coins have fallen sharply as problems at FTX emerged.There are "no signs of spillover" from cryptocurrency into more traditional assets, according to an investment analyst from AJ Bell.
"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.FTX's collapse was a punch in the face for crypto, but not a knockout blow, analyst says"If we had a more system-wide issue you could start see it affecting other assets," Khalaf said, "but I don't really see that," he added.
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