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Rabbit Hole Recap #256: The Bank Runs Continue

Rabbit Hole Recap

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The Unchained Bitcoin Market

The market is ready for something like unchains. It's a bridge because people could see BlockFi and Celsius taking the Bitcoin that were used as collateral for dollar loans and then gambling it away to three hours capital. So it's like a step. Then you normalize the multi-institution for products that sort of bridge the fiat in Bitcoin world. Eventually you get to something like liquid or a Fettiment even where it's all peer to peer circular economy.

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