The Pandemic Broke the Economy (EP.264)
Animal Spirits Podcast
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The Grayscale Gambit: Risks and Reflections
This chapter explores the profound influence of the Grayscale Bitcoin Trust on the cryptocurrency market, highlighting its role in investor losses and risky trading behaviors. It critiques the SEC's regulatory responses and discusses key challenges within the crypto sector, including ETF conversions and banking practices. The conversation also touches on NFTs, celebrity involvement, and the looming threat of recession, painting a complex picture of the evolving financial landscape.
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