’s Young Rich issue this month as the wunderkind who “built a $US25 billion fortune from crypto” and was now “trying to stop the meltdown”.magazine cover asking if he was the next Warren Buffett. In line with such coverage, Telstra Venturesbetween its general partner Yash Patel and the FTX founder on its YouTube channel after investing.
“The FTX business model falls in the strategic category of being based at the intersection of substantial crypto trading volumes, where it takes a fee of about 2bp for the value provided,” they wrote. Drawing a comparison to the global financial crisis, Mr Rogers said the collapse of Lehman Brothers had not stopped people from putting money in banks and he expected the FTX bankruptcy would be similar, by inspiring a “flight to quality” exchanges.
“Unfortunately, you need something like FTX to occur to make the sector stronger. Those that will survive will be stronger and sustainable for the long term.”
I guess they need more CFAs, FRMs, CPAs? Clearly they dont have enough...
lol
Only shows lack of prudence & DD by telstra when making investment decisions. Failed company
FTX: Money Laundering 101.
Heartbreaking?
Who is their financial advisers? High risk investment strategy.
USE IT DONT INVEST LOL
Bahaha