Bitcoin and cryptocurrencies will be life-changing, however simply as rapidly you possibly can lose doubtlessly the whole lot… Actually crypto has grow to be insufferable for me, just a few missteps have left my Bitcoin, Ethereum, and most of my different crypto funds merely gone or in jeopardy…
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Sam Bankman-Fried or just, SBF, utilizing his Alameda Analysis and FTX ponzi scheme has decimated many crypto buyers and firms, and easily wrecked folks’s lives and livelihoods, myself included. Not your keys, not your cash, rings more true than ever. I’ll by no means belief, and I’ll all the time confirm shifting ahead… FTX appeared too large to fail, regulated by governments, together with a US division that was alleged to have even tighter regulation however how ironic, SBF walks round freely after stealing billions from tens of millions… Simply sit right here questioning how might I’ve been so silly, and go away my funds in another person’s management like FTX, and their subsidiaries, particularly, BlockFi…
⏰ Timestamps ⏰
00:00 The crypto fallout
01:55 The affect of the crypto crash
03:17 The FTX Ponzi Scheme
06:03 Was it attainable to see this coming?
07:04 What this implies for the way forward for crypto
09:36 The worldwide recession and melancholy
12:04 The worth of help and household
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