CandleFocus If you put $1,000 in Bitcoin when FTX’s Sam Bankman-Fried was sentenced, here's your return now
2025-01-28
Author: Content Editor
The collapse of the FTX cryptocurrency exchange in 2022 had a significant impact on digital assets such as Bitcoin. The founder and former CEO of FTX, Sam Bankman-Fried, was found liable for fraud and other charges related to the platform's downfall. However, despite this setback, Bitcoin has surged and reached an all-time high above $100,000. If an investor had put $1,000 into Bitcoin at the time of Bankman-Fried's sentencing, their investment would have grown by approximately 45.3% in just ten months, resulting in $450 in profits. The recent price rally of Bitcoin has been attributed to favorable crypto policies promised by the election of Donald Trump and the anticipation of a crypto-friendly regulator under the SEC. Bitcoin is currently showing recovery attempts, and there are projections that it could rally to $120,000 based on technical analysis.
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