As far as I know, every company must have experienced a period of bankruptcy after the glory he went through at the beginning of the project. but even though a company already understands this, of course the company's CEO already has a strategy to overcome if one day bankruptcy occurs. so that the company can crawl up again.
in the case of FTX, in my opinion, Sam Bankman Fried as CEO must have a plan or strategy to overcome if one day this problem occurs. but in reality the CEO of FTX was unable to overcome all this and instead asked the CEO of binance (CZ) for help in acquiring the company. this is one of the weaknesses of the FTX CEO who is unable to control his own company instead of asking another company for help. very sad
There is Hope at the End the TunnelUpon all that, Nigerians still have the hope despite the drastic bear market.Most Nigerians are on tears because of the recent crash that came suddenly yet they still have the hope that Bitcoin will still rise again.
not only Nigerians believe that bitcoin will rise again, but everyone or all investors affected by the FTX incident are crying because of the fall in bitcoin prices and they are still convinced that bitcoin will rise again in the coming year. Every cloud has a silver lining