The blow up of FTX is a pretty big event that has a lot of negative implications for the crypto world. Hopefully this was the last bad news this year and December is going to be a more happy and calmer month. The bankruptcy of a big crypto exchange brings a lot of bad headlines for crypto currencies and let's investors question their positions. Once the initial panic is over things will go back to normality again. We can see the bitcoin price already stabilised above 16000 USD. This doesn't look like a destruction to me. If we compare the current situation with the bankruptcy of lehmann brothers, back then many people believed it was the end of the financial system. And with hindsight things weren't as bad as they seemed back then.