Something about the digital twenty-something year-old generation wanting unlimited amounts of liquidity, unlimited size and unrestricted access to market data just sounds wrong.

Fraud aside, a big part of what led to the downfall of FTX was attributed to a crisis of confidence, much like a bank run in the crypto-currency world.

There is less reason to get into Hong Kong today. The reality that the city now has to bring out the big guns to advertise itself reveals how much its economic environment has deteriorated over the last few years.

Without connecting the numbers to a story, projecting cash flows simply becomes an emotionless exercise of numbers.

To revamp today's highly complex financial system using bitcoin or any crypto-alternative would simply take too much work involving several iterations of monetary reforms, even an astronomical "reset" on the global system, sending us all back to the barter economy.