The LA Times article was click-bait, IMHO. As of now, 10:30 UTC, Bitcoin was trading in the mid- to high $500 range, and volume is still pretty high. Doesn’t sound like much of a collapse.

When a brick-and-mortar bank goes belly-up, does that mean the banking industry is on the verge of collapse? Is an automaker goes bankrupt, does that mean the auto industry is on the verge of collapse?

Get real, LA Times.