'Bad Actors' in Crypto Market Should Be 'Flushed Out': Ballet Global CEO

The video discusses the recent decline in Bitcoin prices, potential future drops, and the impact of the FTX collapse. It highlights the cyclical nature of the crypto market and the need for better regulation to restore faith. Comparisons are made with the Global Financial Crisis, emphasizing the importance of regulation to prevent bad behavior. The video also explores crypto as a long-term asset and provides advice on securing holdings through self-custody and cold storage.

What factors could lead to a further decline in crypto prices according to the text?

How does the speaker compare the current crypto market situation to the Global Financial Crisis (GFC)?

What is the role of traditional financial institutions in the crypto market as described in the text?