Jul 6
4 min read
Crypto Is Experiencing It’s 2008, and It’s Only Getting Started
Speculative bubbles are unsustainable, and this one isn’t getting any better.
In 2008, the main cause of the end result was over-leverage. If you have $100 million, you have enough money to get whatever you want. You could use that $100 million to get $1 Billion in loans and use those loans to buy up $10 billion in assets by only putting down the down…
