Time flies, it's hard to believe that SBF has been sentenced and imprisoned for two years now.
What seemed like a disaster back then now looks more like a watershed moment for compliance in the crypto industry. From a macro liquidity perspective, the deleveraging triggered by the FTX collapse has long been completed, and the market focus has shifted to the Federal Reserve's interest rate cut expectations and the influx of capital into spot ETFs.
Although SBF is still inside working on the sewing machine, the valuation system of the industry that he skewed has already been restructured. The current market logic places more emphasis on real returns and liquidity distribution, and this process of “de-mythologization” is actually favorable for long-term capital.
I wonder if the victims from back then are now enjoying the breeze on the mountaintop or if they have already turned their fortunes around and are feasting on the gains from this bull market? #FTX #SBF #CryptoHistory $BTC $SOL
