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Items tagged with: cryptocurrency
I Made Epstein's Text Messages Great Again (And You Should Read Them)
Be careful how long you stare into the iMessage abyss.Michel de Cryptadamus (The Cryptocalypse Chronicles)
This is a scary trend. If crypto prices don’t rebound, DATCOs could be forced to sell their crypto, dragging the market down even further. Galaxy Digital researchers have compared the model, and its potential unwind, to the 1920s investment trust boom and bust.
With two months of sinking crypto prices, DATCOs are faltering. Some have even begun to sell their crypto to try to rescue plunging stock prices.
Newsletter: Crypto’s latest “infinite money machine” is the digital asset treasury company — a publicly traded firm that exists primarily to accumulate crypto. For a while, these stocks traded at hefty premiums to the underlying assets. But now, the trade is unraveling.
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#crypto #cryptocurrency #CitationNeededNewsletter
Digital asset treasury companies are running out of steam
Convincing traders to pay $2 for $1 of bitcoin worked — for a while. As premiums evaporate, an unwind could be painful.Molly White (Citation Needed)
