FTX Contagion Continues (BlockFi Rekt)

Join the Trader University email list:
https://www.trader.university/email-list

In this video, I discuss the ongoing contagion from the FTX implosion, including the fate of FTX US and BlockFi halting withdrawals.

As I've argued for almost 2 years, it doesn't make any sense to me why anyone would risk their Bitcoin in exchange for a measly 1-6% yield.

People who left their money on BlockFi are waking up this morning to discover that they may now not be able to get their money back.

I also discuss Michael Saylor's great quote: "We (Bitcoiners) feel like we're trapped in a dysfunctional relationship with crypto."

Not investment advice! Consult a financial advisor.

Are BlockFi, Celsius, or Gemini Earn Safe?
https://www.youtube.com/watch?v=NzCeC...

BlockFi:
https://blockfi.com/

BlockFi and Voyager Bailouts (Is Your Money Safe Now?)
https://www.youtube.com/watch?v=AQEJ7...

BlockFi Now Going To Zero?
https://www.youtube.com/watch?v=3xy11...

Crypto Casino Implodes (Is Your Money Gone?)
https://www.youtube.com/watch?v=xkxlL...

Flori Marquez tweet:
https://twitter.com/zachxbt/status/15...

Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse:
https://www.coindesk.com/business/202...

SBF on FTX US:
https://twitter.com/SBF_FTX/status/15...
https://twitter.com/SBF_FTX/status/15...

FTX US may be in trouble too:
https://twitter.com/AutismCapital/sta...

FTX US Warns of Trading Halt Hours After Bankman-Fried Says It's '100% Liquid':
https://www.coindesk.com/business/202...

Michael Saylor on CNBC:
https://www.youtube.com/watch?v=Ql4ii...

Bankless guys have removed .eth from their Twitter bios:
https://twitter.com/DzambhalaHODL/sta...

Is Ethereum next?
https://twitter.com/saifedean/status/...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#ftx
#blockfi
#crypto

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.