FTX: Kryptowolke lets three silver strips flash

The collapse of the FTX crypto exchange, which is reflected in your US bankruptcy application, has given the prices for digital tokens another blow. These had already been broken into a response to price declines in shares and bonds. The Bitcoin Prize slipped under $ 16,000 briefly this week, from a high of $ 67,000 a year ago.

This is categorically bad for all crypto investors, not only for those whose around $ 8 billion ftx have difficulty getting back in. But in addition to the unworthy malicious joy, there are three reasons why conventional investors should be confident in view of the suffering of the crypto brothers.

First, it helps the environment. Crypto mining consumes a lot of electricity, about as much as Sweden, and creates plenty of carbon dioxide. When Ethereum was no longer dismantled in September, it reduced the global electricity consumption by 0.2 percent a founder .

Bitcoin mining used about 0.5 percent of the global electricity. Since the Bitcoin Prize moves near a theoretical profit threshold, mining activity has broken down. This lowers the CO2 costs for which conventional companies would have helped.

Secondly, the crypto slump should relieve the global chip shortage. Crypto miners buy many microprocessors and distract the capacity of traditional industries. In May, the chip manufacturer Nvidia agreed to pay $ 5.5 million to pay allegations because he had illegally kept silent about how much he was exposed to crypto miners.

The chip supply chain now receives additional flexibility that is urgently needed in view of the escalating east-west trading voltages.

The third advantage is that large banks can save some money. You have hired crypto experts to deal with the customer demand for investment services if the supervisory authorities approved them. Both prints are reduced by low crypto prices.

far-sighted banks will cause technically experienced recruits to work on blockchain-related payment technologies. Applications should extend wider. For example, they could bring property rights to countries in which they are currently difficult to enforce.

lex has never seen that cryptos have a lot of benefit beyond speculation, secret transactions and identity badges. Since digital tokens are in the balance, the world has the chance to concentrate on the broader benefits of distributed Ledger technology.