This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps.

History may not repeat itself, but it sure does rhyme from time to time. As overextended cryptocurrency platforms like Celsius and Three Arrows Capital go insolvent, a benevolent billionaire steps in to rescue BlockFi and Voyager. But why? Because of the incentives; this is true, stakeholder capitalism at its best. The virtue of greed is playing out right before our eyes.

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