The Recent Collapse in Crypto Debt Structures With Caitlin Long (WiM 177)
The "What is Money?" Show
00:00
Is There a Massive Leverage Building Up in Bitcoin?
This is my third bitcoin bearmarket. We've seen the panics and seen a lot of innocent people hurt. There's so much more leverage than there was in the prior bullmarket cycles. In this leverage flush, it doesn't look to me like it's over. But in each of these cycles, we've had major intermediary failures. And unfortunately, i think a lot of people have to learn that lesson as well.
Play episode from 04:14
Transcript
