Unchained Cobie and Chris Burniske on How to Navigate a Crypto Bear Market - Ep.355
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May 24, 2022 Cobie, co-founder of Lido and UpOnlyTV, teams up with Chris Burniske, a partner at Placeholder Ventures, to dissect the nuances of surviving a crypto bear market. They analyze the ramifications of the Terra collapse and discuss why Chris believes these downturns present prime buying opportunities. The duo explores the potential future of algorithmic stablecoins, the effects of macroeconomic trends, and why certain risky assets could soar. They also reflect on valuable lessons learned from past mistakes while forecasting the innovations that could spark the next bull cycle.
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Bear Market Buying Opportunity
- Widespread bearish sentiment indicates a potential buying opportunity in the crypto market.
- Bitcoin and Ether are down significantly, but historical trends suggest further potential drops.
Terra Luna's Impact and Market Uncertainty
- The Terra Luna collapse worsened the current market conditions, but a similar event was likely inevitable.
- This bear market is unique as it coincides with a struggling stock market, creating uncertainty about its depth.
Algo Stablecoins and Confidence
- Algorithmic stablecoins require immense demand and confidence to maintain their peg, similar to fiat currencies.
- The US government is most likely to successfully implement an algo stablecoin due to existing confidence in the dollar.