China Bans Crypto while Softbank and Tiger Global Move In
Inflection Point
00:00
The Chinese Bank System Is Highly Levered
The yakuza was basely saying, e, we know we owe you money, but you're not going to get it, so don't try to collect those particular loans. You got the same problem here particularly in a place like china where a whole bunch of those ever grand loans are to peoplewhr pretty important. And i think what's going to happen is there's going to be the she good list and th she bad list. So that will probably extend the duration. The other thing you have, and look this - this is why, this is the perfect sagway into the crypto conversation. It fomented that highly levered position toto do something miraculous,.
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