FTX Totally Destroyed | Crypto Collapses | What Should You Do?
FTX-Binance drama explained. Special guests: Dave Weisberger, Edan Yago, Tom Dunleavy, Steven McClurg.
Dave Weisberger: https://twitter.com/daveweisberger1
Edan Yago: https://twitter.com/EdanYago
Tom Dunleavy: https://twitter.com/dunleavy89
Steven McClurg: https://twitter.com/stevenmcclurg
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#FTX #Binance #bitcoin
1:20 FTX destroyed
5:00 The future of FTX US
7:10 Two problems of FTX
9:40 Alameda was using FTT as a collateral
14:00 FTX was always a mystery
17:50 SBF was representing crypto
21:50 Legislators won’t touch crypto for some time
23:40 We don’t know the real numbers yet
25:00 CZ reaction
27:00 FTX was lying about leverage
28:20 Trading on offshore exchanges in the US
32:20 Institutional money is a problem
41:20 People won’t self custody their funds
46:00 Solana unlock
52:00 Magic of getting into crypto before institutions
56:40 Volumes in crypto are still low
The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.