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The Recent Collapse in Crypto Debt Structures With Caitlin Long (WiM 177)
The "What is Money?" Show
What Happens When You Push the Supply Out?
There's this artificial supply of bitcoin from people who are buying it through intermediaries in i o u form, and thinking they have the real thing. But more importantly, that's actually sapping demand for real thing, because it's more convenient to buy the fake thing. It's musical chairs, classic. A game of musical chairs, when the music stopsn there's not enough biccoin for everybody, and then you have to freeze with drawals.
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