100% agree. The constant search for a blow up is usually a fool’s game. This stuff doesn’t stay secret when it actually happens. BTC is an asset with no valuation technique, marketed almost exclusively to fast money macro / momentum traders who use lots of leverage on narratives that hav no substance. That causes lots of volatility. @krugermacro had a good post that highlighted many factors that contributed to the selloff. There is almost never just one thing.
wishful_cynic
@EvgenyGaevoy
Continue to be pretty skeptical about “somebody blew up” rumors or at least skeptical about mid/long term impact of it. Maybe somebody blew up but there are simply no spillover effects for us to care
When 3AC blew up post terra everyone knew fairly soon because it spread via
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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