CZ is now richer than Bill Gates and nobody finds this suspicious.
- pled guilty to money laundering violations
- paid a $50M personal fine
- Binance paid $4.3B in settlements
- served 4 months in federal prison
- Trump pardoned him days after 10/10, the biggest liquidation event in crypto history
- $19B wiped in 24 hours, 1.6M traders liquidated
- he owns 90% of Binance which processed the majority of those liquidations
- his net worth went UP $47B to $110B in a year where crypto dropped 50%
Yes, crypto is a fair and free market.
Been a while since I tweeted.
Down massive on my positions. Particularly ETH. Made a stupid decision of entering into a leveraged trade. Still hanging by a thread. Need this to be the bottom.
To better times (slowly but surely).
Miss August 25’.
Real Luxuries in Life
1. Living 10 minutes from work
2. Living 5 minutes from the gym
3. Having quiet neighbors
4. Having money left at the end of the month and investing it
5. Peace at home
6. Drinking coffee without rushing
7. Sleeping with a clear conscience
8. Laughing with people who truly get you
9. Traveling every year
10. Waking up naturally without an alarm
11. Enjoying a home-cooked meal with loved ones
12. Having time to read a book in one sitting
13. Finding joy in simple daily routines
14. Having a pet that greets you happily at the door
These are the things that actually feel rich.
remember October 10th when everyone was like:
“market makers got carried out on a stretcher, you’ll see the effects of that soon enough - liquidity takes time to find its way back into the market after an event like that so things might get a bit weird for awhile”
yeah,
that.
Good times create high EBITDA multiples
High EBITDA multiples create bad times
Bad times create low EBITDA multiples
Low EBITDA multiples create good times