The clamor for regulation as well as the crypto liquidity and contagion problems following the collapse of FTX suggest that its Founder Sam Bankman-Fried was likely a “pawn” and “useful idiot,” according to Mark Yusko, CEO, Founder, and Chief Investment Officer at Morgan Creek Capital Management.
Yusko pointed out how crypto and Defi pose a threat to traditional finance, and how Bitcoin is a challenge to fiat currency and Central Banks. He contends that the FTX collapse and contagion, which has adversely impacted market liquidity and market sentiment and created an opening for regulators to impose tough restrictions, could be by design.
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Credit: Kitco NEWS
Is SBF a ‘pawn’ and ‘useful idiot’ in a bigger plot to take down crypto industry? – Mark Yusko
https://www.youtube.com/watch?v=4q_kUe1Vhwo
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