My turn on the lathe: we will see, within the next five years, a bitcoin bailout. Because of the concentration in hedge funds, if bitcoin collapses to its real value (zero) and leverage in the system, line will go down. One or two hedge funds will go bankrupt and congress will act to address systemic risk
My turn on the lathe: we will see, within the next five years, a bitcoin bailout. Because of the concentration in hedge funds, if bitcoin collapses to its real value (zero) and leverage in the system, line will go down. One or two hedge funds will go bankrupt and congress will act to address systemic risk
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:hst-gun: step away from the lathe!