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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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Is There Too Much Leverage in the Crypto Market?

There's a lot more leverage out there, i think, than most folks know. It is a function of debt being artificially cheap. And for the last 30 plus years, the incentive was to lever up and buy assets that were going to go down by less than the currency was going toGo down in value. I think we may have already incurred a regime change. That's why you're seeing a lot of bankruptcies of companies that played that game,. Including and especially in crypto, which is kind of weeding tradfy as well.

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