Crypto, Traders and Unfettered Financial Markets with Stephen Diehl
Life Itself Podcast
00:00
Cryptocurrency Markets Unwind Like Black Boxes
Stable coins are basically a form of unsecured debt thant. We have no idea of theyr, opaque black boxes that we know are large amounts of unsecyor debt used to buy large amount of assets in the market. They could be a hundred thousand times ix levered. And from a systemic rist perspective, that should scare you a lot. When markets unwind like this, they don't wind fast, and they horrid when there's not enough money to cash out"
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