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I think he only made that claim referring to the profits that the banks earn from their relationships with the crypto companies, not the total profits made by t
by tfehring 2y ago
I think he only made that claim referring to the profits that the banks earn from their relationships with the crypto companies, not the total profits made by the crypto companies themselves (though both could be true).
- loeg 2y agoThese are pretty similar/related things. The maximal profit the bank can earn from the crypto company relationship is 100% of the crypto company's profits.