FOX Business host Stuart Varney argues markets ‘need the trust of investors.’
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STUART VARNEY: When you use the word “collapse” in the financial world, you’re talking serious stuff.
Well, that word is being used today.
FTX, the big crypto exchange is collapsing. A rival firm, Binance, having taken a look at the books, now refuses to bail it out.
FTX is insolvent.
That means a lot of people who own crypto can’t get their money out.
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Stay off of the exchanges and buy only decentralized cryptos like Ethereum Classic and Bitcoin you'll befine.
Highly irregular top investors had no seat on the board
Despite the economic downturn, what gives me happiness is the $28,000 weekly profit I get consistently
Cryptocurrencies is not going anywhere.
Fox is so dumb sometimes. No wonder we lost the Red Wave. Sam Brinkman-Fried, the ALTRUIST SOCIALIST HERO, proves that power corrupts absolutely. UNLIKE OTHER CRYPTO, Brinkman-Fried, creator of the FTX/FTT crypto coin kept the largest holding, used it to leverage for personal gain. Top cryto coins – Bitcoin, Dogecoin and Etherum are not centrally held by the coin creator. FTX/FTT was not really decentralized.
Stu, Remember everything POTUS TRUMP did for AMERICA?? I believe you need to reconsider all your Trump bashing.
Blackrock invested over a billion, but also wanted an avenue for his investors to buy into these tulips. The fall out is going to bring the entire market down.. this is absolutely batshit crazy what these people have been doing.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Example
1. Millions of participants
2. Thousands or tens of thousands of nodes
3. Millions of wallets.
SECURITY OF WHO GARY? Tell me who I go see for my quarterly report? 🖕🏼
Cryptocurrency was put into several countries for one reason to create an illusion of something better that wasn't that was destined to collapse with all your money and now they're richer than you could even imagine and you're out of a lot of cash.
Tulipomania 2.0 🌷
Never trust a white guy with a fro
It happens because people aren't regulating it… I seem to remember in 08 quite a few banks would have collapsed had some entity not bailed em out
FTX is not crypto! FTX is an exchange just like the big banks, centralized and corrupt. FTX's problems are no different than those of banks in 2008. Stuart, have Jim Bianco on, he can explain to you the difference between DeFi crypto and CeFi fiat.
FTX and its investments have nothing to do with bitcoin. Bitcoin is decentralized and nobody owns the blockchain. Alt-coins like FTT and Solana are securities owned by centralized companies that can be manipulated any which way the owner wants. Varney is a smart guy so I don't know why he is conflating Bitcoin with Sam Bankman Fried like he's a host on MSNBC
All these comments made by 🤡🤡 that dont know anything!! Crypto is the future$$$
The government just wants there own currency world order time there gonna eliminate all these crypto and come out with there own you watch
What a pathetic take lmao. Boomers still struggling to understand what crypto really is. Criticizing BTC for FTX’s collapse is like blaming the dollar for the the fall of Lehman Brothers.
When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech, and Health.
It's important to distinguish blockchain technology from these Ponzi schemes. It's similar to a notary service for authenticity. There are many brilliant use cases such as sensors/actuators, accounting/audits, ERP, logistics, etc. Nope, so-called crypto isn't encrypted. The interesting part is that the electronic yuan is both encrypted and currency. Huawei offers two high-quality blockchains everyone could use.
There is no point to crypto. Just like there was no point to Ponzi's original scheme.
Funny to see the bought up corporate media telling you not to invest in crypto and you take the bait like babies while BlackRock and the likes are adding more crypto into their positions at a discount price lol
Trust in the stock market while politicians (Nanci Pelosi) do inside trading and make millions out off it !
I'm done sitting tight for the award advance since i acquire$23,000 every 12 days of my investment.❤
Lmao – what an embarrassing take on Bitcoin. Crypto is not Bitcoin and many of us tried to tell you these people were scamming you riding on Bitcoin’s coat-tails.
go woke go broke loser fried
Gold
Cryptos aren't going nowhere this is fear to give everybody to sell so they can buy at a low price don't listen to it this is not advice to Stating my opinion