Home Cryptocurrency FTX’s illiquid holdings full of tokens that are in the venture capital funds it has invested in; Bitcoin dropped below $21,000

FTX’s illiquid holdings full of tokens that are in the venture capital funds it has invested in; Bitcoin dropped below $21,000

by SuperiorInvest

“Cryptocurrencies (and Bitcoin in particular) have been somewhat misunderstood in our opinion. It is not an inflation hedge, but rather a depreciation hedge that protects holders from fiscal/monetary vagaries and policy mistakes,” Jonah Van Bourg, Global Director of Cumberland Trading, told CoinDesk in a note: “Any risk of a US debt default is really a form of US dollar depreciation and/or policy error, and the increased demand we’re seeing (expressed in higher cryptocurrency prices) is that use case. hovering.”

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