🚨$250 Million Crypto Blockfi Bailout and why this may be a bad thing

#blockfi #celsius #blackrock #voyager #ftxus

00:00 Welcome back - lets get it in!
01:12 Sam #ftx thread
04:25 Why I support #Cefi Centralized finance
06:19 Other "products" FTX has invested in
08:20 Final thoughts
Bless up xo

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Disclaimer: Please be advised that I own a diverse portfolio of cryptocurrency assets, and anything written or discussed in connection to cryptocurrencies– regardless of the subject matter’s content– may represent a potential conflict of interest. I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES ONLY. Nothing that I write or discuss should be construed, or relied upon, as investment, financial, legal, regulatory, accounting, tax or similar advice. Nothing should be interpreted as a solicitation to invest in any cryptocurrency, and nothing herein should be construed as a recommendation to engage in any investment strategy or transaction. Please be advised that is in your own best interests to consult with investment, legal, tax or similar professionals regarding any specific situations and any prospective transaction decisions.

#crypto #bitcoin #cryptocurrency #altcoins ##nft #metaverse #p2e #cryptowendyo #cryptonews #ethereum #eth #btc #dailycryptonews

[cryptoman]

Underrated alpha right here. You deserve a perm slot on Around the Blockchain

[drubills]

Best lesson I learned "NO SUCH THING AS FREE LUNCH"

[Pyramid]

You are totally right. I would say Houston we have a problem !!! If this continue we can't say we have crypto industry because will be taken over from the traditional finance and they will take the advantage.

[allthingsvisible]

This might be problematic as the scripture says, " The rich rules over the poor, and the borrower is slave to the lender". (Prov 22:7) looks like we are defeating the original purpose of crypto..which is freedom. With these things happening, again in all aspect now our freedom is being encroached upon.

[FlatPowerLife]

I’m way more leaning on the side of having cold storage wallets with all of my crypto on them now. Exchanges are turning into entities no different than the banks that we all hate so much.

[iamgalaxey]

Great work and red is definitely your color!

[johngermain]

I think Sam made Blockfi an offer they couldn't refuse

[tweetjames]

Ok so other than cold storage safest place for my crypto is FTX Lol. In my view definite power play but just like the market I stay informed by great researchers like you (thanks for what you do) and make decisions from there.

[derekdeadlifts]

Should be interesting to see what happens and if blockfi yield works

[russelldean]

Wendy I don’t think Celsius needs any financial help. I think a shut down withdraws so 90% of CEL token would be locked up in the people shorting them at FTX wouldn’t be able to ruin the company. I know you like Sam but FTX is the Devil

[zwwineco]

We dont know if its bad yet. Wait and see

[afollowersfollower]

bad idea were tryna get away from them greedy F#@@$ but yet cater smh

[luisgalvez]

Voyager goes down now this hurts babe i got all my ada there

🍻😔

[Telios]

SBF will become the crypto FED. Hope I'm wrong.

[DexCools]

😜 I love when my baby says she's from the street...we are all from the street 😄😁

[arjitjoshi]

I think its less about FTX or other steeping in to centralize everything - ist inevitable in the end. question is what impact this will have on crypto - this is a big rott - Mr big short might have seen! I dont think this fire will be contained that easy [hawkesh fed, inflation, war, COVID, elections, China]

[chessking]

I don't and have never used FTX. I've understood that they are in the business of controlling the crypto industry since i got into crypto last year.

[fnyack]

Hello Crypto Wendy, what’s driving Shiba upwards today?

[dalton]

I figured they’d be safe with their credit card operation. I guess that’s not a money-maker

[skimaskcitizen]

I'm from the streets too Wendy0 ... ifwlr that .. 💯💯