From WSJopinion: FTX failed because Sam Bankman-Fried’s supporters lost confidence in him. That may be how Donald Trump finally crashes and burns too, writes AllysiaFinley.
Journal Editorial Report: Founder Sam Bankman-Fried was the party's biggest donor behind George Soros. Image: Dado Ruvic/ReutersFTX founder Sam Bankman-Fried’s crypto empire went bankrupt gradually, then suddenly, to borrow a line from Ernest Hemingway. Maybe that’s how we will look back on Donald Trump’s political currency too.
Both became famous by building a marketing juggernaut, befriending celebrities and projecting an aura of success. Both exploited the political predispositions of their supporters—for Mr. Trump, conservative grievances against America’s liberal ruling class; for Mr. Bankman-Fried, progressive intellectual vanities.
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