The ripple effects of the crypto bear market continue to make their presence felt, with over 2,800 losing their jobs in the industry during January. Bankrupt exchange FTX, meanwhile, is scrambling to recover funds from political donations made under former CEO Sam Bankman-Fried’s regime. With the crypto industry still reeling, it’s perhaps unsurprising that institutional traders have cooled on the space, with JP Morgan reporting that they’re shifting focus to the latest trendy technology: AI. But one Bitcoin fan is still bullish: MicroStrategy CEO Michael Saylor, who’s seen the company’s stock double so far this year.
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