Greenspan’s remarks cut against the main defense offered so far by disgraced FTX founder Sam Bankman-Fried.
in the shocking bankruptcy despite claims he swindled customers out of billions of dollars.
In investing, the greater fool theory refers to the concept that an overpriced asset will continue to rise because other “foolish” investors are willing to pay more to acquire it. Fellow investment luminaries Jamie Dimon, Charlie Munger and Warren Buffett have also been critical of the cryptocurrency sector as a whole.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A China-Taiwan war could trigger stock market crash, Alan Greenspan saysA war between China and Taiwan is the economic 'black swan' investors should be most worried about, ex-Fed chair Alan Greenspan warns
Read more »
FTX founder Sam Bankman-Fried set to plead not guilty to fraud charges, report saysLegal experts expect a prolonged court battle in Sam Bankman-Fried's case, during which prosecutors will have to prove he intentionally swindled FTX customers out of their crypto assets.
Read more »
Bankman-Fried set to enter not guilty plea in FTX fraud caseSam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter.
Read more »
FTX Co-Founder Sam Bankman-Fried Pleads Not Guilty to Fraud, Campaign Finance ChargesSam Bankman-Fried pleaded not guilty to all eight charges against him — including fraud and violating campaign finance law — in connection to the collapse of his cryptocurrency exchange FTX.
Read more »
Sam Bankman-Fried pleads not guilty in multi-billion dollar FTX fraud caseThe FTX founder has been under house arrest since being charged with allegedly looting billions in customer deposits.
Read more »