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In an interview with Laura Shin on the Unchained Podcast, Billionaire and founder of FTX Sam Bankman-Fried gave his thoughts on the volatile crypto market. At the time of writing, Bitcoin and Ethereum are showing green, as Bitcoin is trading for $20,346.95, up 4.7% in the past 7 days while Ethereum is trading for $1,372.46, up 2.4% in the past 7 days. Like most analysts and pundits, Bankman-Fried is having a hard time separating the cause of the crypto market’s woes from the overall global economic landscape of today.. And more importantly, the strength of the dollar. The collapse of the crypto market has seen numerous institutions go under, which created an opportunity for the cash-heavy Bankman-Fried. Recently, Bankman-Fried reportedly eyed acquiring an interest in beleaguered crypto lender Celsius Network, or buying its assets. As the market turns down, Bankman-Fried seems to have his eyes on two important factors; his acquisition strategy, And regulation the latter being the main reason why crypto come out of this bear market.
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Watch the full unedited interview here ⬇ [Credits] 🙏
https://www.youtube.com/watch?v=zl3AM2m7aqw
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by the copyright statute that might otherwise be infringing.