I think you should hold your horses and get a tight grip on things and yourself. This bear market has got a stranglehold on cryptocurrencies and with the way the Grim Reaper has been taking care of bit hitters like De Kwoon(Luna), Saylor (MicroStrategy) and recently Sam Bankman-Fried (FTX), better hitch up for a bumpy ride
FUD is what makes the big whales different from small time retail investors like most of us. Because right now, I feel CZ is just pulling the strings and taking care of this unfortunate event in FTX, from giving SBF and many investors false hopes and now this… The Market is gonna bleed for a while now
I told my crypto friend about Elon Musk's plan. He knew creating a new social media app to compete the top dogs of Facebook, Instagram, Twitter would take millions of dolls and time, so he decided why not buy one of the top dogs? And he's gonna turn it into a serious cash cow
This exact stuff is the reason centralization is bad. CZ just wants to flex his muscles because FTX is emerging as a big contender and competitor in the big crypto cake. However, this is also why monopoly is bad. I think FTX would bounce back and come out and bite CZ in the ass. Friedman would make FTX bigger than Binance, Mark my words