2min chapter

Animal Spirits Podcast cover image

Are We Sure a Recession is Coming? (EP.263)

Animal Spirits Podcast

CHAPTER

Cryptocurrency

crypto was a victim of its own success, cause i'd feels lie. But my only takeaway from this whole thing is that there was just way too much leverage in the system. If your customers leave and there's no more demand for loans, your business just dries up. So if f t x ends up buying blackfi for pennies on the dollar, that would be something. Black fibe raised a billion dollars from investmentles and that ougt to be wiped out. You still haven't got in clarity on what they're doing. They froze custm withdrawals. Who knows where it is.

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