The X algo change marks the end of the Bitcoin malaise.
We're going up, everyone. Maybe not today, maybe not tomorrow, but soon, and for the rest of our lives!
After calling bullsh*t on Luna, Celsius, and FTX well before any of them collapsed, I have a bit of credibility with the mainstream media. I want to use that credibility to call attention to the worst and largest of all the scam perpetrators in the "crypto" space, @a16z 🧵👇
When Ethereum collapses, the wealth destruction, the lives destroyed, and the anger of those affected will dwarf what we're seeing with the current FTX debacle.
And
it
is
entirely
predictable.
So was it all just a leverage circle jerk?
Walameda loans $500M to Royager at 5%, who loans it to Falaxy at 6%, who loans it to SchlockFi at 7%, who loans it to 4DC at 8%, who loans it to Zelcius at 9%, who puts it in Anchor?
Remove your coins from Binance.
This is not a drill.
I think there's a large and growing danger that there is massive misrepresentation of assets in the Binance ecosystem, and because so many big money players already believe this, one little spark can start a conflagration.
Percentage of reserves held in BTC and Eth:
Bitfinex: 91%
Kraken: 76%
Coinbase: 63%
Binance: 15%
Tell us that story again about why Bitcoin needs Binance...
#Bitcoin is way too volatile.
+9% in the last day
+28% in the last week
+58% in three months
+412% in the last year
+588% in two years
+8764% in five years