I have never been a fan of crypto investing (if I change my mind later, don’t hold me to it) so this article resonated with me.
Crypto investing, much like amateur tennis, often feels like a game of skill and precision. But most, if not all, gains and losses in the crypto market can be attributed to the market more than the skill of the trader. If SBF didn’t blow up FTX during the 2022 bear market, he would have been worth $100B+ with Bitcoin trading at $100K.