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We often talk about the usefulness of money, and we can see the impact of money from the recent situations of SBF and Musk.
Although SBF is hailed as the "wunderkind of the crypto world," his assets are really nothing compared to Musk's. Moreover, SBF's virtual currency assets are not backed by any physical industry. So, when a collapse occurs, there's no one to save SBF. If you don't believe it, just look at Musk's situation. After buying Twitter, he caused a lot of controversies, and the market value of both Tesla and Twitter dropped significantly. If this happened to someone else, they would have been shown the door long ago. But Musk claims he has plenty of money and continues to chat away online, unaffected.
Now, there are reports saying that SBF could face up to 115 years of imprisonment for the crimes he committed. If this astronomical number becomes a reality, SBF's life is essentially over.
By the way, I saw this quote: The crypto world 'golden boy' myth of FTX founder Sam Bankman-Fried, shattered like a dream in just three years. This also serves as a reminder to investors: if you don't have as much money as the 'world's richest' Musk, be careful! |
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