Saved by Tengji Zhang
Sam Bankman-Fried and Matt Levine on How to Make Money in Crypto | Odd Lots
Explaining unique crypto market dynamics and using a Starlink analogy to illustrate stablecoins as efficient financial infrastructure.
TRANSCRIPT
So it's hyper-efficient. The interesting dynamic at play is that in the fiat FX markets, as you get bigger, your pricing comes down. In the crypto markets, as you get bigger, your pricing goes up because the spreads widen. So the market is way more efficient for startups. Over time, the markets get deeper and deeper. And so those startups are
... See more