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#1021 Caitlin Long On Building A New Bank That Doesn’t Rely On Leverage & Lending

The Pomp Podcast

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Wall Street Hedge Funds, Financial Institutions and Bit Coin

Bitcoin went from ten thousand dollars or so to about 60,000 dollars by march of 20 21. There's a whole bunch of structural things as to why that happened, including g b t c, arbitrage and many other factors. But there was a financialization, it seemed like, that happened in the asset. That attracted a lot of hedge funds who wanted to come in to play that sure thing trade. The long only players that looked at it as a true inflation hedge have been good for it. It's just traded as, as you correctly point out, as a more a, a, hig bate a playa the industry right now.

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