Hacker News new | ask | show | jobs
by AccountAccount1 1312 days ago
> FTX just imploded because they didn't realize this simple fact.

They fully knew this. There is no business in keeping USD in USD (or US bonds for that matter.)

1 comments

Trading fees when your volume is billions? Nothing? Also what about IPO so that you can exit and enjoy 500M-1B of real net worth?

1 real billion > 20 make believe