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BTC106: FTX Failure, GBTC, Genesis DCG & more w/ Dylan LeClair (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Bitcoin
Preston: It's becoming so abundantly obvious that what we're watching is just a straight bank run for real Bitcoin. Like FTX, they had a negative balance on their balance sheet. And really more so Preston, I think the paper Bitcoin thing, 100%, but also this Bitcoin exchange rate is taking a hit because you had Alameda and FTX run up on Z and pump. The total Solana ecosystem market cap at the top of the 2021 cycle? Yeah, like $250 billion of a liquid,.Like some of these Solana coins, Preston, $40 billion market cap, fully diluted market cap with, you know, $1 billion current free float market cap.
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