Hedge Fund Veteran Mark Yusko Warns of Imminent ‘Sinister’ Threat to Crypto Industry
“I’m not going to go all the way into the complete sinister, but we’ve talked about this over and over. We are in the ‘then they fight you’ stage."
Yusko says that banks, regulators and other powerful figures could be trying to sabotage the industry, and speculates that FTX CEO Sam Bankman-Fried’s various attempts at crypto legislation could’ve been influenced by others behind the scenes.
I'm so glad others are saying this.
“I will take the other side. SBF is the mastermind of nothing, Caroline [Ellison]… They are not masterminds, they are useful idiots. That legislation didn’t come from him it came from the top. That is what the incumbents, the banks, and the regulators trying to do… Cancel this incredible technology that replaces trust with truth.
Those orange trousers!
So, if you know you're being attacked, what forms of defence do you have? Hopium is worthless, but looking at which systems have genuine worth, and protect that worth, is one method. And that requires some research and understanding.
banksters have done this before - crashed their own banks in order to change legislation so as to come out the other end richer.
as for SBF - sure, a genius that can play stupid games while mismanaging billions - sure, genius. I've said this before: as Yusko also says, look above.