Friday, November 25, 2022

Crypto: FTX's Bankman-Fried Confirms Speaking at New York Times Dealbook Summit; ArkInvest's Cathie Wood Confirm's Bitcoin to $1,000,000 Forecast

First up, from MarketWatch, November 24:

‘Why aren’t you in jail already?’ Internet erupts after Sam Bankman-Fried confirms participating in New York Times’ DealBook

That was Twitter user @WSBChairman responding to a late Wednesday tweet by disgraced FTX founder Sam Bankman-Fried, who confirmed that he will participate in the New York Times’ DealBook Summit in November, where he will be interviewed by journalist Andrew Ross Sorkin. “Scam man. I lost everything because of you,” anotherTwitter user @Alexand56464660 replied to SBF.

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In a separate tweet, Sorkin said “nothing is off limits,” when it comes to interviewing SBF. “There are a lot of important questions to be asked and answered,” said the journalist. The furious responses triggered by tweets from both SBF and Sorkin — who also got suggestions on questions to ask — were just a taste of the boiling rage from the investment world that the former CEO who is accused of mismanaging billions of dollars would appear at the prestigious DealBook gathering of high level executives, business and cultural leaders....

....MUCH MORE

From MoneyWise via Yahoo Finance, November 24:

‘You need to go through crises’: Cathie Wood says this crypto crash is a massive opportunity, still sees Bitcoin soaring 6,000% to $1 million — here are her 3 big sector bets

It's hard to tell which one of those stories is crazier but you know what is crazier still?

The fact that none of the other participants of the DealBook summit have refused to share a platform with Bankman-Fried and pulled out:

NYT, October 18, 2022:

....Meet our 2022 conference speakers

We are pleased to announce our lineup for the DealBook Summit, to be held at Lincoln Center in New York City on Nov. 30. Andrew will host a series of conversations with the biggest newsmakers in the world of business, politics and culture.

Among the speakers: President Volodymyr Zelensky of Ukraine; Treasury Secretary Janet Yellen; Mark Zuckerberg, Meta’s co-founder, chairman and C.E.O.; Shou Zi Chew, TikTok’s C.E.O.; Mike Pence, former vice president of the United States; Andy Jassy, Amazon’s C.E.O.; Reed Hastings, Netflix’s co-founder and co-C.E.O.; Mayor Eric Adams of New York; Larry Fink, BlackRock’s chairman and C.E.O.; Sam Bankman-Fried, FTX’s C.E.O.; and Priscilla Sims Brown, Amalgamated Bank’s C.E.O.