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Crypto Chaos, Meta Layoffs, Musk Mania, and Guest Jonathan Haidt
Pivot
Cryptocurrency Market
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The documents showed that Alameda Research, a trading and investment firm founded by SPF, Sam Bankman-Freebo, had its finances intertwined with those of FTX. Bitcoin dropped below $16,000 for the first time in two years. This really is, as far as I can tell, this whole market is you exchange fiat currency to go into a casino and get tickets that are worth nothing. And hope that at the end of the day, you get a stuffed animal or something for your tickets and you get the hell out of the Chuck E. Cheese that has become the crypto market.
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