Sharp Tech with Ben Thompson cover image

Making Sense of the FTX Catastrophe and a Reality Check on Twitter Under Musk

Sharp Tech with Ben Thompson

CHAPTER

DeFi and CFI - What's the Underlying Asset?

Bitcoin is a much sort of weaker asset than I once thought it was. The way that Bitcoin has lost has actually been highly correlated with the stock market. My real interest all along in this stuff has been products, like Mastodon or Stecory. And one of the issues I've had with crypto is this conflation of ownership and usage.

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