“There is, in general, a lot of what we call ‘grift’ in the space, where 99.9% of the crypto projects out there probably don’t solve anything.” – some guy
Oh, gosh, here we go … except that some guy was this guy. It was me. I said that. I went on TD Ameritrade Network to chat crypto, and given the breadth of things I wanted to discuss I’m co-opting that appearance to power the next few newsletters because there wasn’t enough time to cover everything.
I want to cover the big risks as we enter Hard Times in Crypto, now that bitcoin is down over 50% in 2022. The main, big risks I’m paying attention to are:
I’ll take each of these week by week for the next three newsletters: This week is price and macro risk, next week we’ll cover platform and protocol risk, and the week after public company risk, just in time for CoinDesk Layer 2’s “Future of Work Week.”
Before that though, it's worth mentioning there’s a lot of general market stress. There aren’t many places to hide. Even cash is...
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https://www.coindesk.com/markets/2022/06/19/hard-times-in-crypto-lead-to-pric...
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