Published on: October 6th, 2021 • Duration: 32 minutes
Sam Bankman-Fried founded one of the largest and most renowned crypto exchanges to date, FTX. With FTX deciding to move its headquarters out of Hong Kong on the back of recent developments regarding China’s renewed crypto restrictions, this sends an important message now. Despite there having been several “Chinese crackdowns”, something seems different this time.
Bankman-Fried, CEO and founder of FTX, and Angie Lau, another Hong Kong native and founder of Forkast News, discuss the change in sentiment among many big crypto players in recent days and the irrational exuberance among many crypto investors who assumed a development like this would never occur. This being said, they also discuss the robustness we have seen in the broader market. Filmed on September 29, 2021.
Forkast Links: http://www.forkast.newshttps://forkast.news/video-audio/ftx-ceo-this-is-the-canary-in-china-crypto-ban-coal-mine/