Sam Bankman-Fried, CEO and founding father of FTX, describes what occurred between the Subreddit Wall Avenue Bets and hedge funds across the inventory of GameStop this week. On this episode, he covers:
what occurred with the inventory of online game retailer GameStop this week
what that claims about methods to worth a inventory
how the standard monetary institution reacted
how the occasions in GameStop this week are just like the way in which crypto markets function
how a crypto monetary system might have an effect on the power of traders to do what the hedge funds did with GameStop — shorting extra shares of the inventory than really exist
what led to FTX itemizing for tokenized variations of GameStop, Blackberry, AMC and Nokia, in addition to a tokenized index fund of Wall Avenue Bets shares
how the tokenized shares and index work on the again finish
why Robinhood restricted clients from buying shares in GameStop on Thursday
what the inspiration was for FTX
Thanks to our sponsors!
Crypto.com: http://crypto.com
The Solar Change: http://sunexchange.com
Episode hyperlinks:
Sam Bankman-Fried: https://twitter.com/SBF_Alameda
FTX: https://ftx.com
Roundups of what occurred with Gamestop:
NYT: https://www.nytimes.com/2021/01/27/enterprise/gamestop-wall-street-bets.html
Vox: https://www.vox.com/the-goods/22249458/gamestop-stock-wallstreetbets-reddit-citron
Early Wired story: https://www.wired.com/story/gamestop-stock-wall-street-bets-short-squeeze/
NYT evaluation: https://www.nytimes.com/2021/01/28/know-how/gamestop-stock.html
Sam on what can decide an asset’s worth: https://twitter.com/SBF_Alameda/standing/1354790766313234432?s=20
Chamath Palihapitiya on CNBC discussing Gamestop — defending particular person traders: https://www.cnbc.com/2021/01/27/chamath-palihapitiya-closes-gamestop-position-but-defends-individual-investors-right-to.html
Movies: https://www.cnbc.com/video/2021/01/27/investor-chamath-palihapitiya-the-gamestop-story-is-pushback-against-wall-street-establishment.html
https://www.cnbc.com/video/2021/01/27/billionaire-investor-chamath-palihapitiya-on-gamestop-surge-and-rise-of-retail-investors.html
Gamestop worth gyrations: https://www.cnbc.com/2021/01/28/gamestop-reverses-losses-and-surges-another-30percent-in-the-premarket-to-450-as-mania-continues.html
What number of shares of GME are shorted: https://isthesqueezesquoze.com
FTX lists GME for tokenized spot and futures buying and selling: https://www.theblockcrypto.com/linked/92756/ftx-lists-gme-stock-for-tokenized-spot-futures-trading
FTX’s Wall Avenue Bets tokenized index fund: https://twitter.com/SBF_Alameda/standing/1354790817060143114?s=20
Robinhood clients solely having the ability to promote, not purchase GME when Robinhood’s income largest income supply is sending order stream to hedge funds: https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html
Matt Levine of Bloomberg on GameStop: https://www.bloomberg.com/opinion/articles/2021-01-28/knowing-when-to-sell-gamestop-stock-at-the-top-is-impossible?sref=m9L277rN
Hyperlink to the Crypto Information Recap:
https://unchainedpodcast.com/how-gamestop-is-like-crypto/
