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Elon Musk

<ul class="news-points">
 <li>Musk and Nawfal believe investors’ interests fueled FTX’s relative success. </li>
 <li>Opinion leaders say FTX’s relative growth didn’t neutralize the government’s attack on crypto. </li>
 <li>Top investors’ interests sustained FTX while the crypto exchange lasted. </li>
</ul>
Investment opinion leaders, including Tesla CEO Elon Musk and market analyst Mario Nawfal, have cited interests from top investors as the reason Sam Bankman-Fried’s fraudulent scheme lasted as long as it did. Musk highlighted the oddity of the scenario, considering Marc Andreessen’s recent submission that the government debanked 30 tech founders.&nbsp;
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 That does seem odd, given that, unlike the founders Andreessen referred to who were debanked, SBF committed massive fraud <a href="https://t.co/pr8iL8exPu" target="_blank" rel="noopener noreferrer nofollow">https://t.co/pr8iL8exPu</a>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1862845441244577958?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 30, 2024</a>
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Andreessen accused the U.S. Democratic Party of attacking the crypto industry using the system. He cited activities by the past and present Democratic administrations aimed at halting cryptocurrency’s growth. Hence, his alleged debanking of tech startups, many of whom involved themselves in cryptocurrency.
Related:&nbsp;<a href="https://coinedition.com/marc-andreessen-and-ben-armstrong-allege-democratic-plot-against-tech-and-crypto/" rel="noopener noreferrer nofollow">Marc Andreessen and Ben Armstrong Allege Democratic…</a>
The post <a href="https://coinedition.com/andreessen-was-right-despite-ftxs-partial-success-musk-and-nawfal/" rel="noopener noreferrer nofollow">Andreessen Was Right Despite FTX’s Partial Success – Musk and Nawfal</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Andreessen Was Right Despite FTX’s Partial Success – Musk and Nawfal

Coin Edition

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