On Thursday, October 12, Logos president Helio Fred Garcia was quoted in Inc. on why cryptocurrency proponents continue to believe in and defend the potential of the industry in the wake of FTX’s collapse and amidst Sam Bankman-Fried’s trial.
Here is an excerpt from the article:
Even with [Sam Bankman-Fried] facing possible life in prison and cryptocurrency fueling Hamas’s recent acts of terror in Israel, crypto firms’ message remains powerful, as some still believe decentralized currencies are destined to reshape finance, says Helio Fred Garcia, a professor of crisis management public relations at New York University and Columbia. “Just as with the dot-com craze, I think [it’s] a fear of missing out,” he says. “Once you’re in that bubble, it’s really hard to get out.”
Read the full article here.