Since Crypto Peaked in November 2021, Investors Have Lost More Than $2 Trillion Dollars

A year ago, crypto was on top of the world.

Bitcoin had just reached an all-time high of over $68,000, and investors were pouring money into the market.

Since then, things have taken a turn for the worse.

The price of bitcoin has crashed back down to earth around below $17,000, and investors have lost more than $2 trillion in value.

Some experts are now calling crypto a "Ponzi Scheme" .

Many others believe that the market has simply gone through a natural correction and that prices will eventually rebound.

What was dubbed the crypto winter earlier this year turned disastrous this week with the spectacular collapse of FTX.

The implosion of the $30 billion cryptocurrency exchange highlights the dangers of investing in unregulated markets and the need for better oversight.

This week, those concerns came to a head when FTX announced that it was insolvent and filed for chapter 11 Bankruptcy.

FTX decision has wiped out billions of dollars in value and left many investors penniless.

The collapse of FTX is a cautionary tale for anyone thinking about investing in cryptocurrency.

The crypto industry, once valued at roughly $3 trillion, now sits at around $900 billion.

If you are a victim of these investment losses, please contact The Law Offices of Omar Zambrano so we can help you protect your home and assets.

Please give us a call at 626-338-5505.