Arthur Hayes klingt alarmiert auf aufstrebende „Stablecoin Mania“, warnt vor der potenziellen Wiederholung des 40.000.000.000 -Dollar -Zusammenbruchs von Terra Luna
Arthur Hayes klingt alarmiert auf aufstrebende „Stablecoin Mania“, warnt vor der potenziellen Wiederholung des 40.000.000.000 -Dollar -Zusammenbruchs von Terra Luna
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tldr; Arthur Hayes, co-founder of BitMEX, warns of a potential ’stablecoin mania‘ following Circle’s IPO, which could lead to a bubble similar to the Terra Luna collapse. He predicts new stablecoin issuers may exploit hype with financial engineering and leverage, potentially causing significant losses. Hayes emphasizes the importance of regulatory oversight and advises investors to evaluate distribution channels of stablecoin projects to avoid risks. He highlights the dangers of algorithmic stablecoins and unregulated practices in the sector.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He knows… be careful and don’t get caught up
At this point, people putting their money in anything that is not Bitcoin in self custody haven’t learned a valuable lesson
I don’t think this gentleman has ever been right about anything.
I guess when you were in crypto in the early days and have enough fuck you money you can just make stupid statements.
Algo Stablecoins only !
Rich coming from him considering he has an algo stable coin that looks like an absolute rat poison rug pull