Post-FTX, Bitcoin Is Ready for its Next Chapter

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One year after the exchange's collapse, bitcoin is up nearly 70%. CoinDesk spoke to market watchers to find out what comes next.

of fraud, and his first trial has come to a close with FTX's founder and former CEO facing a possible century in prison.

"The price of Bitcoin, whether it's 200k or 400k, won't be just due to speculation; it will be because people see the value in Bitcoin's utility," Jason Fang, the managing partner at Sora Ventures, told CoinDesk in an interview. "This leads to a more profitable business for them. Bitcoin's path is unique and not dependent on being Ethereum-compatible, which gives it a stronger narrative."The price of bitcoin relative to sol and ether in the last year.

 

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