If you want an example of the intense optimism of certain crypto investors, here’s one: Some investors are still buying the token known as Luna Classic, which has flatlined towards zero in the aftermath of the collapse of the TerraUSD stablecoin. Why are people so willing to buy up zombie coins? In this episode, Bloomberg senior editor Mike Regan and Bloomberg reporter Misyrlena Egkolfopoulou stop in to discuss the motivations of these risk-takers.
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