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Rabbit Hole Recap #227: FTX was a Ponzi and held no bitcoin... who's next?

Rabbit Hole Recap

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Self Custody Is Too Hard

The asset doesn't map to the traditional financial world and it's exact from an individual all the way to a venture fund. If you leave it on a centralized custodian they don't even know some people even know you can actually take physical possession of it. We just saw like 20 billion dollars we're literally seeing every evaporate pretty much every so-called yield provider is probably going to go down before the end of the cycle.

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