Sam Bankman-Fried dwell updates: ‘Crypto King’ sentenced to 25 years jail | EUROtoday

The temper of the crypto world is usually gauged by the
squiggly inexperienced line representing the worth of Bitcoin.

The value individuals are prepared to pay for bitcoins is
seen as a barometer for the well being of the complete multi-trillion greenback crypto
business. And for the reason that sentence was handed down as we speak, the inexperienced line
has barely moved.

The motive, I feel, is that the SBF saga has already
been priced in.

When he was arrested, that little inexperienced line took a
dramatic dip and stayed depressed for some time.

But then, inexplicably, Bitcoin
steadily started to climb in worth all through 2023. And for the reason that begin of this
yr it has sky rocketed.

One bitcoin was price about $16,000 when SBF was
arrested. Coins are actually price greater than $70,000 largely because of US monetary
giants investing a whole lot of billions into Bitcoin.

In spite of the courthouse drama – the business has
by no means been in a stronger place.

Online, many crypto followers appear to be saying they had been
hoping for a harder sentence. But they’re additionally pleased he’s going behind bars
for many years.

Finally they get to see the again of SBF who’s seen as a foul apple
making the business look dangerous.

But in fact, you’re by no means far off drama in
crypto land. And quickly we’ll be again in court docket for the trials of two extra excessive
profile tycoons who additionally noticed their very own downfall across the similar time as SBF.