Despite the arrest of FTX co-founder Sam Bankman-Fried and the collapse of his cryptocurrency exchange FTX, Bitcoin's price has rallied over 60%. The downfall of FTX was due to unsustainable layers of deception, including the disappearance of $1 billion in customer funds. Despite these setbacks, investor support for Bitcoin remains strong. Crypto services provider Matrixport estimates Bitcoin to peak at $37,000 by the end of the year.