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FTX’s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21K

by Index Investing News
January 19, 2023
in Cryptocurrency
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“In our view, crypto (and bitcoin in particular) has been somewhat misunderstood. It is not an inflation hedge, but more of a debasement hedge that protects holders from fiscal/monetary profligacy and policy error,” Jonah Van Bourg, Global Head of Trading at Cumberland, told CoinDesk in a note. “Any risk of US debt default is indeed a form of US Dollar debasement and/or policy error, and the increased demand we’re seeing (expressed in higher crypto prices) is this use case bearing itself out.”



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Tags: 21KbitcoinFallsfilledFTXsFundsHoldingsilliquidInvestedSitTokensVenture
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