Jim Bianco: FTX Scandal Inflicting Lasting Damage To Cryptoverse & Financial Markets (Part 1/2)

Wealthion, Released on 11/15/22

For Part 2 of this interview, CLICK HERE

A seismic event just rocked the cryptocurrency universe with last week’s implosion of FTX, the world’s second largest crypto exchange. Tens of $billions in client assets and market value have vaporized. And it seems mismanagement, for certain, and possibly fraud and outright theft lie at the heart of this disaster. To help make sense of what exactly has just happened, and what repercussions the collapse of Sam Bankman-Fried’s FTX will have on the crypto ecosystem and perhaps on the financial markets in general, we’re fortunate to be able to turn to Jim Bianco of macro research firm Bianco Research.

Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Prior to joining Arbor and Bianco Research, Jim was a Market Strategist in equity and fixed income research at UBS Securities and Equity Technical Analyst at First Boston and Shearson Lehman Brothers. He is a Chartered Market Technician (CMT) and a member of the Market Technicians Association (MTA). Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989).

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