Pandemic is the Biggest Threat to Markets in the Next Decade - FTX CEO
Crypto Exchange FTX
Modified Date:- Published Date:-Categories: Cryptocurrency
Pandemic is the Biggest Threat to Markets in the Next Decade - FTX CEO
Sam Bankman-Fried (SBF), founder and CEO of major crypto exchange FTX, argues that the world hasn't learned much from the COVID-19 outbreak, and that the new potential pandemic is the biggest issue that could potentially affect markets. could put it at risk. next 5 to 10 years. SBFs have recently been consulted by the mainstream on a number of relevant issues – including those not directly crypto-related, but affecting the economy at large.
This arguably not only gives them legitimacy as a crypto and finance person, but also places their companies on the list of 'respectable firms'. The billionaire made the above comment in an interview with Bloomberg, where he was asked about the next big risk that could threaten the world in the coming years. The outbreak of COVID-19 sent shock waves to the global markets.
Not only did this lead to supply chain bottlenecks, but it also resulted in a massive increase in monetary supply as countries attempted to cushion the effects of the devastating economic hit with relief packages.
The SBF noted that all measures "never really avoided" the economic impact from the pandemic, which is evident from rising inflation, a slowing economy and bearish markets - all of which "trace back to Covid or seek to mitigate it." Our responses to try are short-term economic impact."
Meanwhile, former Goldman Sachs strategist Abby Joseph Cohen argued that the biggest threat to America in the coming years is a labor force shortage. Cohen said the US has been heavily dependent on immigration. And as of now, there is an acute shortage of workers at all ends.
Sam Bankman-Fried (SBF),Crypto exchange, Respectable firms, Cryptocurrency, Pandemic, FTX, Global markets