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85: FTX Collapse, SBF vs. CZ & revisiting our crypto predictions
Not Investment Advice
Is FTX a Financial Market Tiered Stock?
FTX is so exposed to the whims of the financial markets that if you are over leverage in a situation like that, you lose users by an exponential rate. The average retail investor is going to participate when the market is moving up until the right time. That's when the game is the most fun and that's when people play it. Yes, your institutional customers and stuff are going to play the market regardless of the conditions but they ran into, I think, a change that they could not weather behaviorize.
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