Blockfi and Cryptocurrency - What's Going on Inside This Black Box?

Michele Teller: Blackfi and celsius almost went out of business in the last year. They were lending em out to increasingly risky things, riding increasingly risky ventures,. Even trades that looked fool proof, like this, g b t c, a premium trade. She says they essentially trapped themselves in a trade they couldn't get out of. The founders are going to get deluded every time they take more capital she writes.

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