danirayan.eth
@number
1/2 - Wall St & those currently wielding the financial power never wanted outsiders. Looking at how close SBF was to the establishment, it almost feels like he was chosen by them to play the part. The beneficiary of this whole situation are banks and TradFi whose total outstanding risk are bigger than the world’s gd
1 reply
0 recast
0 reaction
danirayan.eth
@number
2/2 The outstanding risk of FTX is a blip if you consider gross market value of derivatives cts– a measure of amounts at risk – that stood at $12.4 trillion. Some place the size of the derivatives market at more than 10x total world GDP https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp
0 reply
0 recast
0 reaction
