Crypto Alpha Male Culture Explained
In the days leading up to FTX’s stunning collapse, a series of tweets from top crypto executives indicated the exchange was likely in serious financial trouble. CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao (aka “CZ”) are known rivals. But when CZ tweeted that he was pulling his investment out of FTX, it sparked a run on the exchange and ultimately led to bankruptcy. The idea that currency exchanges could be demolished by what began as a series of thorns on Twitter has fueled the perception that the digital asset industry is led by alpha males who promote a hyper-masculine culture. increase. He was one of the most famous CEOs in the business, and now that SBF faces serious criminal and civil lawsuits, this episode explores what’s at stake for the industry and how culture can change. Consider whether there is a Bloomberg’s Vildana Hajric joins her Mike Regan for a strong review. Subscribe to the Bloomberg Crypto Newsletter at https://bloom.b/cryptonewsletter
January 5, 2023
