Charlie Davis
Bio
Early adopter of Bitcoin and crypto on a journey to improve public awareness around the disruptive potential offered by blockchain technology. Active investor and Forex/crypto trader. Opinions are my own.
Stories (1/0)
The Crypto Space Needs Value Investing
In recent weeks crypto markets have been pummeled by accelerating capital outflows as the broader industry is shaken to its core. The Luna/TerraUSD depeg of early May initiated a negative feedback loop that has seen major coins like BTC and ETH plunge in value, leading stablecoins waver from their algorithmic pegs. Meanwhile, major firms like Celsius Network, 3AC, and Voyager taking drastic measures in response to rising illiquidity amidst the panicked pullout of billions of USD in assets. The collapse of major institutional players has initiated a negative feedback loop of illiquidity and uncertain investor sentiment that has pushed BTC below 20k and ETH briefly below 1k.
By Charlie Davis2 years ago in The Chain