It’s a plausible business model, for a much smaller business than SBF was counting on. Honestly, if he’d run it for 10 years, getting through at least one bust cycle, before starting to use the capital for EA and personal investments, it might have worked. Or it might have lost out to a flashier, scammier version that customers liked more in the boom times.
It’s a plausible business model, for a much smaller business than SBF was counting on. Honestly, if he’d run it for 10 years, getting through at least one bust cycle, before starting to use the capital for EA and personal investments, it might have worked. Or it might have lost out to a flashier, scammier version that customers liked more in the boom times.