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IPFS News Link • Federal Reserve

Peter Schiff: The FTX Debacle Was Ultimately the Federal Reserve's Fault

• Peter Schiff - Schiff Gold

Peter Schiff recently appeared on NTD Capital Report to talk about the collapse of FTX, saying ultimately it was the Federal Reserve's fault. And it is a warning sign for the broader economy.

When FTX filed for bankruptcy, it sent shockwaves through the crypto world. As Mises Institute senior editor Ryan McMaken put it, "FTX's collapse has exposed just how little due diligence is actually taking place among investors who are apparently willing to put large amounts of cash in whatever place looks like the hottest new thing and promises—without convincing evidence—big-time returns."