What Does Crypto Industry Make of Sam Bankman-Fried's Sentence?

[Pekelo]

If you give them long enough time:

1. Everyone involved in crypto ends up in jail.

2. All BTC will be lost.

Today SPX dropped 1.5% intraday. BTC the good little beta stock it is dropped 5%. Diversification my ass.

 

[SunTrader]

Thought this topic was about SBF and what the industry thinks about his sentence.

Divert-sification.

 

[The_Krakenite]

Today SPX dropped 1.5% intraday. BTC the good little beta stock it is dropped 5%. Diversification my ass.

You don't seem to understand diversification.

BTC has been the best performing asset, period.

You don't get that track-record without volatility. This is the first thing you learn in Investing 101.

Compare the returns of BTC to SPX during the lifetime of BTC before making these ill informed posts.

It seems what you are looking for is to get the best returning asset, with little to no risk. This is in violation of both basic diversification and investing theory. If you think on it, even with the mindset of a child, you may come to understand why this is so.