While Qatar has reportedly spent $200 billion or more, most nations are now unwilling to spend a fraction of that on money-losing mega-events like the World Cup or the Olympics. The IOC and FIFA are scrambling to change their ways before it’s too late.
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Investor immortalized in The Big Short compares examining companies like FTX and Binance to credit-default swaps before the financial crisis.
Michael Burry
Claire Ballentine
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The investor who foresaw the housing market crash in 2008 is skeptical about today’s crypto audits.
Michael Burry — played by Christian Bale in The Big Short movie — said in a tweet on Friday that examinations of digital asset holdings in firms like Binance Holdings Ltd. and FTX are “essentially meaningless,” because auditors are learning on the job, much like they were in 2005 with credit-default swaps.
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