Longtime Bitcoin (BTC) supporter and entrepreneur Anthony Pompliano says that people in the crypto space are underestimating just how much damage has been done to the industry following the collapse of FTX and its associated entities.
Pompliano tells his 1.6 million Twitter followers that following the FTX debacle, the crypto industry as a whole is now tainted in the eyes of institutional investors.
“Based on my conversations over the last 24 hours, people are drastically underestimating how much damage has been done this week to institutional interest in both Bitcoin and the broader crypto ecosystem.
Bitcoin will not only survive, but it will thrive in the coming years in my opinion.
But we shouldn’t ignore the fact that this week was a set back for