I might get a graphics card if the crypto market collapses, but I wasn't planning to buy any BTC.
Also, I think that if BTC falls below, say, 10K, a lot of loans are going to get called in suddenly, and we're going to see that a lot of people were swimming without trunks [0], i.e. mismanaging customer funds and assuming that the crypto market would go up indefinitely. In other words, I think the story we're learning now about Alameda is going to turn out to be a lot of people's story.
Bitcoin isn't typically mined with graphics cards. Ethereum was, but is no more. I don't think the price of graphics cards is high due to cryptocurrency anymore
SBF is going to testify. His PR agent was asked "Will SBF testify" and replied "Does a bear shit in the woods". His lawyer is asking the court to allow him to take more Adderall so he will be approriately drugged up in the afternoon.
You think that all the Bitcoin believers who buy relentlessly each week without question will suddenlly stop if they can now get 3x as much BTC for their fiat? Oh my sweet summer child...
Also, I think that if BTC falls below, say, 10K, a lot of loans are going to get called in suddenly, and we're going to see that a lot of people were swimming without trunks [0], i.e. mismanaging customer funds and assuming that the crypto market would go up indefinitely. In other words, I think the story we're learning now about Alameda is going to turn out to be a lot of people's story.
But we shall see!
[0] https://money.com/swimming-naked-when-the-tide-goes-out/