- Virginia Brown
On the Uncertainty of Riches, Part 3
For cryptocurrency enthusiasts, this has been a week to forget. The third largest crypto exchange, FTX, crashed in value due to a liquidity crunch. One news outlet wrote this of the CEO of FTX,
Before his company’s cash crunch, Bankman-Fried [the CEO] was worth an estimated $15.2 billion but, according to Bloomberg, $14.6 billion was wiped out overnight. . . . His estimated personal wealth plummeted nearly 94% to $991.5 million in a single day.
Did you read that? This gentleman lost about $15 billion in a single day! You might say, “Well, he still has $991.5 million. That’s a lot!” You’re right that’s a lot but that’s not my point. My point is how swiftly he lost his fortune. It was literally here one day and gone the next. Wealth is like a house of cards. With one rush of wind, it can all come crashing down.
The point of the story: don’t place your faith in money. It will disappoint. It is uncertain. Whether it’s because of inflation, wars, bankruptcies, or theft, there’s no full-proof financial security in this world. That’s fiction. History proves Paul’s words in 1 Tim 6:17 regarding the “uncertainty of riches.” Money won’t save us. Only Jesus will. He’s our security; nothing else.