Crypto’s Alpha Male Culture, Explained

Crypto’s Alpha Male Culture, Explained

In the days leading up to the staggering collapse of FTX, a series of tweets from a top crypto executive signaled that the exchange was likely in deep financial trouble. Former FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao - or “CZ” as he’s commonly called - are known rivals. But when CZ tweeted that he was pulling his investments out of FTX - it sparked a run on the exchange that ultimately led to its insolvency.

The idea that a once flush crypto exchange worth billions of dollars could be taken down by what started as a series of barbs on Twitter, fuels the perception that the digital asset industry is led by alpha-males who promote a hyper-masculine culture.

Now that SBF — formerly one of the most renowned CEOs in the business — finds himself facing serious criminal and civil charges, this episode considers what’s at stake for the industry, and whether the culture is likely to change.

Bloomberg’s Vildana Hajric joins Mike Regan for a robust review.

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Episoder(223)

When Main Street Banks Dabble in Crypto

When Main Street Banks Dabble in Crypto

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23 Jan 202314min

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20 Jan 202317min

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How Ryan Salame's Neighbors Got Tangled Up In FTX's Fallout

How Ryan Salame's Neighbors Got Tangled Up In FTX's Fallout

Western Massachusetts is a very different place from the Bahamas, where the FTX crypto exchange had its headquarters. But the small town of Lenox there is feeling the effects of the FTX bankruptcy non...

18 Jan 202316min

Who Owns Your Coins?

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It was an unwelcome ruling for about 600,000 Celsius account holders, who are probably wishing they’d read the fine print more closely before investing. Or put more stock in the crypto mantra “not you...

17 Jan 202316min

Team Favorite: SBF's Effective Altruism

Team Favorite: SBF's Effective Altruism

Today, Martin Luther King, Jr. Day is observed in the U.S. So the crypto team wanted to present an episode connected to the idea of service.  The episode, first published last December, focuses on Sam...

16 Jan 202317min

Gemini/Genesis Battle; Your Questions Answered

Gemini/Genesis Battle; Your Questions Answered

Something we say often on the Bloomberg Crypto team is that a week in this asset class can feel like a year. And as we wrap up the second week of 2023, it’s starting to feel maybe more like a decade. ...

13 Jan 202313min

Bitcoin Miners Are Stressed Out

Bitcoin Miners Are Stressed Out

It’s been a tough winter for Bitcoin miners. As prices of the largest token have fallen from their record highs, there have been bankruptcies and warnings of potential bankruptcy. Billions of dollars ...

12 Jan 202317min

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