"The whole thing is going to be like the big sure. The big sure. That's what we want," says Jack Boulden, co-founder and CEO of FTX. "I mean, this is not beneficial to me to say this because of my allocation in this area ... But dude, so insane." He adds: "This is your domain, buddy. And also, I will say apparently so is CZ... So hopefully it's just the good wheels passed on to the next rich person to keep that passing the baton"
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.
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