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Rabbit Hole Recap #250: Bank Runs Continue

Rabbit Hole Recap

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The Bear Market Drama: Genesis Reneges on Loan Agreement

Bitcoin is in a bear market and there's new drama every day, says John Defterios. Genesis reneges on loan agreement with parent company DCG to restructure the debt. GBTC printed 10,000 Bitcoin and management fees alone last year; just free money and they got greedy, man. "It was good seeing the it's a, this is nature healing when the de-jugs get wiped out," he says.

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