4min chapter

Coin Stories with Natalie Brunell cover image

Michael Saylor on Bitcoin Volatility, Terra/Luna Meltdown, Market Selloff and more

Coin Stories with Natalie Brunell

CHAPTER

What's the Reserve Backing a Cryptocurrency?

Vian: I think the big lesson is that all o these cryptos, other than bitcoin, are securities. And ah, if there's securities, that means that there are management teams and there are policies. No one in the world knows what the the reserves are for a tether. You can't have a vague idea, but you don't really know. When you're dealing with that much money, you have to actually disclose everything.

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