Unbelievable Finding: Crypto’s Venture Capital Sharks Unveiled

The content highlights the negative impact of venture capitalists (VCs) on the cryptocurrency industry. The clip features Chamath Palihapitiya, who is seen laughing about dumping his bags of Solana on retail investors. He also expresses his desire to regulate Bitcoin like a security. The article criticizes the unrelatability of traditional finance (TradFi) VCs like Palihapitiya and their lack of awareness towards retail investors. It also highlights Kevin O’Leary’s changing views on cryptocurrencies, him accepting payment to be a spokesperson for FTX and the negative impact it had on his reputation. The article calls for stronger anti-money laundering regulations for crypto firms.

Warning: The Shocking Truth About VCs in Crypto

Laughing at Retail Investors

Chamath Palihapitiya, a well-known VC, was caught laughing at retail investors during a podcast in October 2021. He and his team discussed dumping their bags of Solana on retail investors, and he even tried to negotiate a discount sale through text message. This behavior is unacceptable and shows the true colors of VCs in crypto.

Villains in TradFi

VCs are virtually all bad and virtually all TradFi elitists. They have the ability to do whatever they want and often let their team run everything for them. They don’t care about retail investors and will rob anyone if it can make them an extra buck.

Shilling Solana

Chamath is one of the many TradFi guys who own a massive amount of Solana. He shills it shamelessly and even said that Solana Pay is going to dismantle Mastercard and Visa. However, Solana plummeted 65% later, so it’s unclear if Chamath had diamond hands or took retail investors’ money as exit liquidity.

Kevin O’Leary: From Bitcoin Hater to FTX Spokesperson

Kevin O’Leary famously called Bitcoin a useless currency, but he changed his tune once he realized how much money it was worth. He even took a $15 million payment to be a spokesperson for FTX. However, he backed FTX too hard and ruined his reputation permanently.

Same Rules Apply to Crypto

Despite what these VCs may want, the same regulatory structure should apply to crypto as it does to existing trading of stocks and bonds. This is not complicated and has already been implemented in other countries. The potential benefits of crypto should not come at the cost of weaker anti-money laundering rules and weaker compliance from crypto firms.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Discover the Ultimate Trading Guide for 2023 with Finteria: Stocks, Crypto, Forex & Commodities!

Moonlight discusses trading cryptocurrencies and provides a step-by-step guide on how to become profitable in trading crypto. She recommends a platform called finteria.com, which allows users to trade...

"Unleash the Power of PepeAI 🐸: Unveiling the New Revolutionary Crypto Project for the Moon and Beyond!"

Pepe AI is a new cryptocurrency project launching on May 4th that combines the popular meme Pepe with artificial intelligence (AI). The project aims to capture the attention of the crypto community through...

Why I'm Going All In on Crypto at the Moment!

In a brief news round-up, a video by Sam covers cryptocurrency news for the day. The cryptocurrency market has fallen by around 3% in the last day, and although the fear and greed index is very fearful,...

"Can XRP Experience a Whopping 1271% Surge After Recent Dip?"

The video discusses the correlation between XRP and Dogecoin, which has been observed for some time. The content analyzes the correction percentage of Dogecoin and compares it to XRP’s current price,...

Get Ready to Discover the Top 10 Altcoins Poised to Rule the Crypto World in the Post-Bear Market Era!

A video on Creative Busy discusses the current bear market in crypto and its effects on global economics. The Federal Reserve raising interest rates by 0.75% and deflation concerns have impacted the cryptocurrency...

Discover the Top Cryptos and Stocks to Buy Now – My New Investment Strategy!

The cryptocurrency community has experienced a difficult week, leading some investors to turn to Bitcoin maximalism. The situation has prompted a rethink of investing strategies, with a focus on diversification...

How to Turn $1 into $1,000,000 with Crypto: The Ultimate Guide to Becoming a Crypto Millionaire

The article discusses a plan to reach millionaire status in the crypto market. The author outlines their DCA (dollar cost averaging) strategy and provides examples of how to use it. They emphasize the...

Grab Attention with Exciting Announcement: BitBoy Crypto Launches Cardano Staking Pool - The Ultimate FUD-Proof Solution!

Cardano’s progress towards its public smart contract mainnet has attracted the attention of investors despite a 16% fall in value over the past week. Motley Fool recently named ADA as the top eco-friendly...

"Decoding the Impact of Inverted Yield Curve on Your Crypto Investments"

The cryptocurrency market is experiencing a pullback, and one of the biggest stories is Genesis, one of the largest lending desks in the space, withdrawing loan origination for debtors, which could lead...

Discover How To Thrive During A Crypto Crash With One Strong Performing Crypto Currency!

Cryptocurrency investor Sam discusses various scenarios for Bitcoin, including a potential crash, a sharp rise, and slow growth, and how he would react to each. He suggests having conviction in investments...
Load More

Comments

Comments

Coming Soon

Subscribe and be the first to know about the launch

Look at our roadmap

AND FOLLOW
Share
Twitter
Telegram
Facebook
LinkedIn
Reddit
Email

Thanks for subscribing

You will only receive important notifications
For now, follow to our social networks