Nick Tomaino: Smart money in the investment circle repeatedly chases hot topics while ignoring risks
2026-08-03 19:57:03
According to CoinMeta, the founder of 1confirmation commented on the crisis of the situational fund managed by AI. He pointed out that many elites and sophisticated investors lack the ability to assess risks and are driven by wealth and attention, ignoring facts and potential dangers. Taking the collapse of FTX as an example, he noted that a large amount of smart capital chose to invest in it in pursuit of returns and market narratives, and its founders and supporters also experienced similar phenomena, eventually falling into trouble due to high-risk bets and market reversals.
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Source:Internet
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