20 min listen
822: BITCOIN BULL MICHAEL SAYLOR UNVEILS 2 FACTORS BEHIND THIS CRYPTO MARKET CRASH!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
822: BITCOIN BULL MICHAEL SAYLOR UNVEILS 2 FACTORS BEHIND THIS CRYPTO MARKET CRASH!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
25 minutes
Released:
Jan 22, 2022
Format:
Podcast episode
Description
In a new Bloomberg interview, Bitcoin Bull and Microstrategy CEO Michael Saylor unveils two factors that he says are contributing to the volatility experienced by the crypto markets so far this year.
“I think that there’s a lot of dynamics here. If you look at the entire crypto ecosystem, you have a set of regulatory uncertainty, especially regulatory uncertainty around stablecoins and crypto tokens and whether or not they’re securities. And that creates a little bit of anxiety.
You have a lot of leverage offshore. You have a lot of crypto exchanges that can trade with up to 20x leverage. And those crypto exchanges have many, many tokens that are cross-collateralized. Between them and the decentralized finance [DeFi] exchanges, you can get much higher than 20x leverage. So that’s the second source of volatility.”
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“I think that there’s a lot of dynamics here. If you look at the entire crypto ecosystem, you have a set of regulatory uncertainty, especially regulatory uncertainty around stablecoins and crypto tokens and whether or not they’re securities. And that creates a little bit of anxiety.
You have a lot of leverage offshore. You have a lot of crypto exchanges that can trade with up to 20x leverage. And those crypto exchanges have many, many tokens that are cross-collateralized. Between them and the decentralized finance [DeFi] exchanges, you can get much higher than 20x leverage. So that’s the second source of volatility.”
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jan 22, 2022
Format:
Podcast episode
Titles in the series (100)
610: MAX KEISER SAYS, BITCOIN TIPPED TO HIT $220K AS CHINA SHUTDOWN SEES MINERS AIRLIFT EN MASSE TO USA!!: CHINA's Bitcoin crackdown has caused the nation's miners to flee en-masse and set up operations in the US, with one expert Max Keiser stating the move affirms his price target of "$220,000 BTC for 2021". Referring to the move by China Bitcoin pioneer... by Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News