Every once in a while, as long as the market is not very awesome, someone will write a long speech to remember how good the currency circle would be if SBF were still there. The logical loophole is too large. Firstly, SBF made a large amount of external investments at that time, and those investment funds were originally intended to divert FTX user assets. Alameda Research embezzled a total of $11.3 billion. This is like using stolen money to buy lottery tickets, even if Anthropic's valuation rises to the sky later, it cannot change the fact of illegal appropriation, without moral justification. Secondly, SBF invested over 470 projects that year, totaling $5 billion, with the vast majority going to zero, including various DEX and liquidity pools. The $500 million investment in Anthropic, if FTX doesn't go wrong, could be worth over $30 billion today. But does this mean he is a visionary 'investment genius'? Not necessarily. In fact, it is more likely that SBF was holding billions of dollars in misappropriated funds at the time, casting a wide net of coins, and coincidentally stumbled upon some good projects later on. This is a survivorship bias. Thirdly, even though SBF/FTX is still an important shareholder of Anthropic, what does this have to do with the cryptocurrency industry? Why do we think that AI experts represented by Anthropic will lead the cryptocurrency industry to "fly"? What is the logic behind this intracranial climax? It is purely a one-sided love affair in the cryptocurrency industry. Nowadays, there are cryptocurrency projects everywhere that are trying to ride on AI, but how many heavyweight AI projects have stated that they need Crypto? Perhaps what people miss is not SBF, but the barbaric era where anyone could make a fortune by violently pulling the market and fiercely using the Hashan Zhai coins.