Every now and then, whenever the market isn't doing well, someone will write a long article reminiscing about SBF, saying how great the crypto would be if he were still around. The logic is flawed. First, SBF made a large number of overseas investments, and those investments were essentially funds he misappropriated from FTX user assets. Alameda Research misappropriated a total of $11.3 billion. This is like using stolen money to buy lottery tickets. Even if Anthropic's valuation later skyrocketed, it doesn't change the fact that it was illegally misappropriated, and it has no moral justification. Secondly, SBF invested in over 470 projects, totaling $5 billion, the vast majority of which went to zero, including various DEXs and liquidity pools. The $500 million invested in Anthropic, had FTX not collapsed, would likely be worth over $30 billion today. But does this mean he was a visionary "investment genius"? Not necessarily. More likely, SBF was holding billions of dollars in misappropriated funds at the time, casting a wide net and simply stumbling upon some projects that later turned out to be successful. This is survivor bias. Third, even if SBF/FTX remains a major shareholder of Anthropic, what does that have to do with the crypto? Why the assumption that AI giants like Anthropic will propel the crypto to new heights? What's the logic behind this delusional fantasy? It's pure wishful thinking on the part of the crypto. There are crypto projects everywhere now trying to capitalize on AI, but how many truly groundbreaking AI projects have actually indicated they need cryptocurrencies? Perhaps what people miss is not SBF, but the barbaric era when anyone could get rich by violently pumping the price and aggressively All In Altcoin.