Conflation
Why FTX is Not A Synonym for Crypto Currencies and Decentralized Finance (DeFi) and Lessons From The FTX Collapse
“The truth isn’t always beauty, but the hunger for it is.”
― Nadine Gordimer
Conflation is Seductive
Over the last few weeks, a lot of my friends have come up to me and predicted the demise of all things crypto. I don’t blame them. All of us live in a matrix that is created and fueled by the media and the media loves conflation.
Conflating the demise of FTX with the demise of crypto is like conflating a small fire with an end of the world apocalypse. It’s not the same. Of course, the conclusion is the same : there will be calls for regulation to protect the average investor and bring crypto tokens, NFT’s and the world of Decentralized Finance to the next generation. Make no mistake, our children will possibly hold crypto assets and NFT’s in their portfolio as viable asset classes.
There are three guiding principles to keep in mind while evaluating risky investments. This is me sharing my financial lessons and is not financial advice.
Understand the Fundamentals Before Investing
The power and promise of Bitcoin and its ilk i.e. crypto tokens such as Ether, Solana…
