The temper of the crypto world is usually gauged by the
squiggly inexperienced line representing the worth of Bitcoin.
The value individuals are prepared to pay for bitcoins is
seen as a barometer for the well being of the whole multi-trillion greenback crypto
trade. And for the reason that sentence was handed down at the moment, the inexperienced line
has barely moved.
The cause, I feel, is that the SBF saga has already
been priced in.
When he was arrested, that little inexperienced line took a
dramatic dip and stayed depressed for some time.
But then, inexplicably, Bitcoin
steadily started to climb in worth all through 2023. And for the reason that begin of this
yr it has sky rocketed.
One bitcoin was price about $16,000 when SBF was
arrested. Coins are actually price greater than $70,000 largely thanks to US monetary
giants investing a whole lot of billions into Bitcoin.
In spite of the courthouse drama – the trade has
by no means been in a stronger place.
Online, many crypto followers appear to be saying they have been
hoping for a harder sentence. But they’re additionally blissful he’s going behind bars
for many years.
Finally they get to see the again of SBF who’s seen as a nasty apple
making the trade look unhealthy.
But after all, you’re by no means far off drama in
crypto land. And quickly we’ll be again in courtroom for the trials of two extra excessive
profile tycoons who additionally noticed their very own downfall across the identical time as SBF.
