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4min chapter
Crypto Thesis for 2023 | Ryan Selkis
Bankless
The Spiral of Cryptocurrency Trading
In the market perhaps that would have looked at them as somewhat credit worthy would have to be an entity that's related to grayscale because from their perspective donis' capital it's money from one pocket to the other. Three areas capital began to basically just roll the trade over and say you know what we're going to just roll all of this all these underwater shares with genesis capital, he says. The bad credit really starts to just line up like dominoes one after the other in q2 of this year lunacle absis it turns three ac bad,. That ultimately forces genesis to reclaim or kind of call all the collateral the gbtc shares that they had pledged as collateral in
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