In some way, i think our traditional financial system is bankrupt. No economist can show me or you a way where the united states, which is the largest debtor in history, can repay its debts. It already happened dozen times in history. Look at any empire, the british empire, the dutch empire, the roman empire. They all debase their currencies, right? So unfortunately, any one who looks in the back mirror and says, look, the road doesn't have any hazards on it, that doesn't mean anything, because you're about to hit a tree or you'ree about to fall off a cliff.
The Sunday Times’ tech correspondent Danny Fortson brings on Alex Mashinsky, founder of Celsius, to talk about creating a crypto fund manager (3:25), managing risk (8:40), growing up in Israel (11:50), buying a one-way ticket to New York (14:10), his first startup (16:10), launching a voice-over-IP company (22:50), getting kicked out of his own company (27:50), trying to build Uber before Uber (30:10), putting wifi in the New York subway (34:10), getting into crypto (37:10), getting rejected by 200 venture capitalists (42:15), going from zero to $24 billion in assets under management (44:00), “centralised finance” (48:35), why he put $300 million of his own cash into Celsius (50:25), the future of crypto (55:05), and Web 3 and the fight for the future of money (1:02:40).
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