$1-$ Do cryptocurrencies meet the classical definition of a currency, an investment or something else? Why or Why Not?

$2-$ List $3$ factors or circumstances that contributed to the collapse and bankruptcy of FTX$.$ Pick the most important and explain why it is important and what lessons financial professionals should learn from that factor.

$3-$ What reasons $/$ or why do you think anyone $($i$.$e$.$ investor, trader or speculator$)$ would want to own crypto$-$currencies? Think of this as advice you would give a family member who is considering buying a material amount of crypto.