Has Cryptocurrency Really Gotten Anywhere Since The Start Of 2022? | Crypto

Has Cryptocurrency Really Gotten Anywhere Since The Start Of 2022?

– FTX is reportedly in talks with investors to raise US$1 billion in new capital, which would value the company at around US$32 billion.
– FTX was valued at US$25 billion when it raised US$420 million from investors in October 2021.
– The basis for FTXs impressive valuation is apparently its full-year 2021 results, which showed revenue of US$1.02 billion, up more than 1,000% from 2020.
– FTXs 2021 net income was US$388 million.
– FTXs cash balance at year-end 2021 was approximately US$2.5 billion.
– FTXs revenue in 1Q 2022 was about US$270 million.
– Coinbases enterprise value (EV) was in the vicinity of US$50 billion in 1Q 2022; it is now around 70% lower at US$14 billion.

ftx valuation suggests nothing changed Has Cryptocurrency Really Gotten Anywhere Since The Start Of 2022?

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