Wednesday 9 November 2022

Why Big Daddy don't want Cryptos to be Peddled to Retail Investors


Temasek among investors in crypto exchange FTX

Binance buying FTX in bailout

Binance backs out of FTX rescue

Because its damn hard even for its own shepherds....


  1. So we wait for Govt said ok, then go and play crypto. LoL!

    1. CW,

      Well, I believe big daddy still remembers the "not fit for purpose" well-intentioned CPFIS when it was first introduced, and how that went for the majority of CPF members...

      Hence the pivot to voluntary CPF contributions and Save More for the masses.

      I don't think big daddy ever wants to "encourage" everyone and anyone to own equities through selling discounted equities ever again!

      Let alone cryptos!

      But if it's their own Central Bank Digital Currency in the future, it's definitely on!

      We can see how big daddy is laying the groundwork already ;)

  2. Smol,

    Temasek got played by Binance. Basically a dump & buy. ;)

    Would be illegal in regulated stock & bond markets. But this is cowboy town lol.

    But no worries, Temasek also got invest in binance ... talk about hedged bets lol.

    1. Spur,

      That's one of the best corporate moves in how to "beat" and "absorb" your rival ;)

      Big daddy smart - focus on selling the picks and shovels, plus making Singapore a hub for the design and innovation of picks and shovels ;)

      As for selling fool's gold? Please do it offshore and outside the orbit of Hong Lim Park. LOL!

      If Republicans take control of both Houses, Binance will feel the heat in "regulation" as "tree big attract wind"...

      On a side note, Ontario Teachers' Pension Fund???

      Imagine waking up one day in the future to learn CPF is "investing" in startups in their chase for yield to plug the gap in unfunded liabilities...


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