4min chapter

Not Investment Advice cover image

85: FTX Collapse, SBF vs. CZ & revisiting our crypto predictions

Not Investment Advice

CHAPTER

Binance

Binance is big enough to weather this like downturn FTX wasn't. I feel like all the fervor surrounding it was like during the most obscene bull run that we've seen in crypto. And then you're for your competitor to like own a significant portion of that is like, you basically got your pants pulled down, right? They can do, they can make a ridiculous difference to what happened. Yeah. It's like that exposes you to crazy amount of risk too. But Binance has such a stronger foundation just in terms of like collateral and everything.Yeah. So, yeah. Let's talk about this. Like they were they were basically on tilt growing with leverage in every direction

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