Bloomberg Businessweek Weekend - December 2nd, 2022
Bloomberg Businessweek
00:00
Is This Another Lehman Brothers?
The entire crypto asset ecosystem is an $800 billion ecosystem. Many people are saying, well, okay, is this another Lehman? Could we see the domino effect here? I've just given you one reason why. The banking system back in 0809 was trillions and trillions of dollars. Right now we have, it seems from FTX, five to $10 billion in creditors. If as as FTX has filed bankruptcy, they will be making claims. So how long do you think this goes on? Because you obviously have faith in it. You've been buying into it. And you think this is a good entry point at this point.
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