Will Crypto Firms Be Forced to Liquidate All Their Bitcoin?
In the fallout of FTX, BlockFi and many other firms going bankrupt, we address one of the biggest concerns circulating in crypto right now: will firms be forced to liquidate large amounts of Bitcoin and other cryptocurrencies to pay debts?
From Michael Saylor at Microstrategy to FTX to BlockFi, people are wondering what other potential dominoes could fall in the crypto industry.
At the moment, Saylor seems to be safe. I don't personally see him getting liquidated anytime soon. Other companies are already going under though.
News broke that FTX didn't even have BTC. They tried liquidating some Wrapped BTC but the Oracles wouldn't let them. Companies like BlockFi had all their assets on FTX, so those also appear untouchable.
In this clip, we talk about how we think most of the pain is already in and crypto might turn bullish again.
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If the crypto space goes bullish It will bring about much balance In people's minds as that's what most people are hoping for.
Thank you for the heads up
Were probably halfway with the rest of the domino falling. Maybe it's better for the long run, taking out sketchy projects. Sox to see people losing money though. IMO, we may love Saylor buying BTC now but he might be hated in the long run when the scarcity of BTC will be felt. !PIZZA
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I hope that the bear market has ended, so people can breathe in some fresh air of relief again this past month has been so hectic watching the price.
With the look of things recently, let just hope it is the bullish that we are getting into right now, I think this will definitely bring more hope to the people
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Thankfully, there is nothing here for me to be concerned about. I feel for those who were negatively impacted.
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