On The Brink with Castle Island cover image

Weekly Roundup 11/04/22 (Fidelity Crypto Launches, Alameda's balance sheet, SDNY looks at Tether) (EP.368)

On The Brink with Castle Island

00:00

The Business Model of Mining Could Be Fundamentally Impaired

The legacy trad-five firms that lent to the Bitcoin miners, it's going to be completely toxic to them. And I think on a longer term too, just good luck ever getting financing in this sector again. What they really need is the price of Bitcoin to be $50,000 tomorrow. These amendments and pretending, it's just, I mean, it's not going to work.

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