FTX

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

FTX is now at $6.75, down 75% from its IPO price of $22. The market cap for FTT is below a billion and it could be worth zero by the time this episode comes out on Wednesday morning. We don't know what's going to happen; we'll see you next week.

The NIA boys react in real-time to one of the craziest days in crypto history. Play-by-play discussion on FTX collapsing & CZ's 10D chess moves.

Timestamps:

(00:00:00) - Intro + Meme Of The Week
(00:06:50) - FTX Collapse - Play by Play
(00:19:43) - Alameda Blow Up
(00:21:30) - Autism Capital's Tweet
(00:23:21) - Jack's Take on CZ's Move
(00:27:06) - Tech Stocks Collapse
(00:29:54) - Did SBF "Do The Right Thing By Customers?"
(00:34:11) - Binance Estimated Valuation at $300B
(00:39:04) - How Misallocated Were Customer Funds?
(00:43:00) - Revisiting Earlier Predictions On Crypto (2021 vs 2022)
(00:46:39) - "Jail Isn't That Bad" - Martin Shkreli to Do Kwon
(00:47:33) - Big Tech Layoffs
(00:51:06) - Crypto Marketing & BS
(00:54:44) - Has Anything Changed?
(00:59:18) - Crypto Collapse vs Market Collapse

What Is Not Investment Advice?

Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.

Watch + Subscribe on YouTube:

https://youtu.be/f4sKeZjTtuc

Join our group chat on Telegram:

https://t.me/notinvestmentadvice

Let us know what you think on Twitter:

Hosted on Acast. See acast.com/privacy for more information.