Sam Bankman-Fried (SBF), founder and CEO of major crypto exchange FTX, argues that the world didn’t learn many lessons from the COVID-19 outbreak, and new possible pandemics are the biggest issue that could potentially threaten the markets in the next 5 to 10 years.
“The biggest problem is that there weren’t that many lessons we really learned as a society,” the billionaire said. “We are in much the same place we were beforehand. There’s almost no discourse about a future pandemic and almost no momentum.”
SBF noted that all of the measures “never really averted” economic impact from the pandemic, which is evident from soaring inflation, a slumping economy, and slumping markets – all of which “trace back to COVID or our responses to it to try to mitigate the short-term economic impact.”