I really don’t get how people trusted a snake with their savings. It boggles my mind. It’s not like he didn’t have a reputation before and he was just some new guy in the space where maybe you could’ve given him the benefit of the doubt. In 2000, he took part in an accounting scandal for MicroStrategy and got charged for it by the SEC. STRC listed 11 percent returns through dividends for STRC that could pause dividends at any time. I know this isn’t the same but Anchor offered around a 20 percent APY in May 2022 for Luna. We all see how that went down. People were confident and sure that this yield could go on forever. I am not claiming it’ll collapse at this exact moment and won’t pretend to know the timing. However, there are so many signs pointing that this will end catastrophically. They own 4 percent of all Bitcoin in existence. People keep saying “they can just sell their Bitcoin.” If they are over-leveraged, the amount of cash and Bitcoin they have won’t matter. They’ll crash at some point and maybe those of you holding might get a dividend payment but don’t get caught with your pants down. At this point it’s a rite of passage for scammers to be on the cover of Forbes. For example, look at Sam Bankman-Fried and Elizabeth Holmes. The signs are there. Those of you invested feel free to call me whatever you want but we’ll see who’s right in the end. Just don’t pretend the signs weren’t there. Best of luck to all of you and I hope you don’t get burned badly.

submitted by /u/Repturtle [link] [comments]

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