Three assets that will benefit from FTX's failure

The most mainstream centralized crypto exchange. People who are nervous (as many many are) will move crypto assets to Coinbase.

The 52 week high on Coinbase is 355. Right now it's 50 (the 52 week low was 44).

Probably the safest DeFi exchange. This will also benefit from the collapse of FTX and is 80% lower than its high.

GBTC is like a closed-end fund that owns just bitcoin. You can buy it on the Nasdaq.

here's the thing, it's trading at a 40% discount to the dollar amount of the Bitcoin it holds. This happens sometimes when people panic sell closed-end funds. The stocks trade at discounts to the value they hold.

It's like being about to buy a wallet with $100 in it for $60. It's not rational but this happens often in irrational markets.

A month ago , a friend of mine was buying GBTC when it was at a 20% discount to the value of Bitcoin it held. He told me, "this is the greatest discount it's ever had." Well, not it's at a 40% discount, which is sort of ridiculous. This means Bitcoin can go down another 40% and you still probably won't lose much money if you buy GBTC. But if Bitcoin goes up, GBTC will go up more than Bitcoin because the value of it's holdings will increase and the discount will most likely go back to a normal 8-10%.