Singapore is starting to be fooled. Temasek lost hundreds of millions of dollars by investing in FTX. GIC invested in genesis and it feels like it is almost gone. Behind the scenes, the Singapore government and its face are footing the bill. Well, the Americans screwed up and screwed Singaporeans. Token will be very popular after 2049. Under the big historical cycle of decline, in the small cycle, the tide rises and falls. Talented people emerge from generation to generation. In the end, everything is behind the trade off. You have what you have and you lose what you don’t deserve.