Matt Levine, a finance journalist at Bloomberg, interviewed Sam Bankman-Fried of FTX on his thoughts and philosophies around DeFi and the crypto world in general.
Francis Suarez, Mayor of Miami, believes Miami Coin could lead to the end of taxes in the city and a crypto dividend for every resident. However, there are concerns around the potential for money laundering and illicit finance with the prevalence of crypto in Miami.
The speaker shares his tree of success with investors, naming Sequoia as the best one due to its returns, scalability, and durability. Furthermore, the speaker talks about the media's unfounded portrayal of Kyle Rittenhouse as a white supremacist terrorist and praises his reputation turnaround after he was acquitted of the charges of shooting three attackers at a violent BLM protest in Kenosha.
The hosts discuss the rise of crypto journalism and its potential impact on the industry. They also talk about Coin Desk, a company that simply reports on cryptocurrencies without investing or speculating on them.
The crypto market is a liquidity sponge, with more liquidity, people feel empowered to make speculative investments. The market is in the process of correcting but price levels are uncertain.