Last week was one of the craziest weeks in crypto history. My main takeaways:
β’ Leverage is extremely dangerous (especially when using investor/creditor funds).
β’ Diversify risk + keep custody of your assets.
β’ DeFi is much needed (on chain transparency).
What did you learn?
@aaronbennett@21blacky@otisa502@CelsiusNetwork Maybe. I don't know. They might of had $10B at some point. Bringing in external lawyers and Citigroup isn't sth done without Board requiring it or "strongly requesting". It's to count all the money to find out the where, what, why, who. Next forensic accountants will be hired.
@PeterP91506768@biancoresearch Maybe. There is also the fact that increasing rates too high make the interest payments on US debt unworkable. So Fed issues more debt prints more money and around and around we go. Factor in JoB π―π΅, Ukraine, oil prices π’οΈ, DXY, housing supply etc., and it's a massive cluster.
@PeterP91506768@biancoresearch To an extent yes. Price stability is a factor of inflation. Basic demand and supply dynamics. The Fed can't control supply of goods. Their toolset only controls demand by making money more expensive to own. But if unemployment moves up fast all bets are off. They will reverse.
@vincent_wales@DiMartinoBooth π§βπππ¬π§ Truth. Until we see everyday prices denominated in #Bitcoin in a much larger context it's just another asset class. BTC maxism in akin to cultism, religious or otherwise. And frankly it is off-putting to the masses.
@PeterP91506768@biancoresearch π§βπππ¬π§ The only two mandates the Fed has is to inflation and employment. In the current macro environment it's difficult to see how these two can coexist both unscathed. Reducing inflation with pendulum to higher unemployment. Pick your poison. β£οΈ
On my latest episode I asked @nic_carter the bullish and bearish cases for #Bitcoin in what could prove to be an inflationary decade.
Don't miss our fascinating, wide-ranging talk!
VIDEO: https://t.co/m87jG91H0M
AUDIO: https://t.co/3g6UtTSXgD