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High Finance
Diego Segura • 22 cards
The advertised decentralization of power out of the hands of a few has, in fact, been a re-centralization of power into the hands of fewer. The top 9% of accounts hold 80% of the $41B market value of NFTs on the Ethereum blockchain. The practice of “whitelisting” keeps the bulk of NFT profits within a tight circle of insiders. Bitcoin is even more ... See more
Scott Galloway • Web3
China Can’t win a Trade War
youtube.comAs I’ve been predicting, dedollarization is reaching epoch defining levels.
China & Russia (+ Iran) are prepping rollout of Gold backed currencies and a Gold-backed stablecoin.
This will crash the ersatz US Dollar and any hope of propping up any USD stablecoins.
The US should have already stacked 1/2M Bitcoin by now.
China & Russia (+ Iran) are prepping rollout of Gold backed currencies and a Gold-backed stablecoin.
This will crash the ersatz US Dollar and any hope of propping up any USD stablecoins.
The US should have already stacked 1/2M Bitcoin by now.
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“In the decade before 2022,” the Oaktree authors lead off, “many sponsor- backed companies financed leveraged buyouts by borrowing heavily in the broadly syndicated loan and private cred- it markets—and the majority of this debt had floating rates.” Naturally, the 500 basis-point jump in reference rates spells higher borrowing costs for the unhedge... See more
Cryptocurrency
Anthony Fiedler • 2 cards