"There is a lot of talk about inflow of money into this asset," Matt Maley, chief market strategist at Miller Tabak & Co, told Bloomberg. "I'd also note that the momentum players are getting excited as well."
The most significant blow came in November 2022 with the collapse of convicted fraudster Sam Bankman-Fried's FTX empire. Bankman-Fried is awaiting sentencing after being late last year of stealing $10 billion from his customers.
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