4min chapter

Plain English with Derek Thompson cover image

A Crypto Catastrophe: The Stunning Fall of FTX—and What Comes Next

Plain English with Derek Thompson

CHAPTER

SPF's Reverse Confidence Game on Cryptocurrency

Derek Jeter: SPF was playing a kind of reverse confidence game. He says it's rough to have the white knight of your industry revealed as a fraud or a failure. The next pension fund is going to look at the next marginal investment in crypto and say, "No frigging way" It might be the best thing that ever happened to crypto," he says.

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