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1 sat \ 0 replies \ @gmd 9 Dec 2022 \ on: Callahan: Did GBTC Spark the Crypto Contagion? Full DCG/Genesis/GBTC Explainer📺 bitcoin
Good interview. So many shenanigans going on behind the scenes. Everyone you thought was smart was just a WSB degen.
Fascinating to me that those in the know about the GBTC arbitrage used it to fund projects like BlockFi to pay out unrealistic interest rates instead of just pocketing the massive amounts of $.