19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)

June 17, 2022 01:09:53
19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)
Scam Economy
19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)

Jun 17 2022 | 01:09:53

/

Show Notes

Crypto critics David Gerard & Amy Castor join Matt Binder on Scam Economy to talk about the "Jenga stack of interconnected time bombs" that is this week's cryptocurrency crash. David and Amy breakdown how the entire crypto space is like a Jenga tower and all it takes is for one rug pull to knock down the stack, how Terra/Luna set the stage for the plunge, what Celsius is and why it was the next piece to take down what was left, what the role crypto exchanges like Coinbase play, why crypto hedge funds like Three Arrows Capital are now floundering, and how Tether, Bitcoin miners, and even Mt. Gox will continue to play a role in crypto's nosedive. Read David and Amy's piece, The Latecomer’s Guide to Crypto Crashing: https://amycastor.com/2022/06/14/the-latecomers-guide-to-crypto-crashing-a-quick-map-of-where-we-are-and-whats-ahead/ - Visit: ScamEconomy.com - Support the show: http://www.patreon.com/mattbinder

Other Episodes

Episode

February 10, 2022 00:26:19
Episode Cover

Scam Economy Post Show: Episode #2 (Teaser Clip!)

A freebie teaser clip from the Scam Economy post show for episode #2 featuring a live call-in from a crypto fan. (Livestreamed immediately following...

Listen

Episode

November 21, 2022 01:03:08
Episode Cover

39: FTX Conspiracies About Ukraine & Democrats Don't Add Up (w/ Sergey Vasylchuk)

Sergey Vasylchuk of Aid For Ukraine and CEO of Ukrainian crypto company Everstake joins Scam Economy with Matt Binder to explain why the conspiracy...

Listen

Episode

March 27, 2023 01:12:28
Episode Cover

48: Bitcoin Miners Are Making Bank...But Not From Mining Crypto (w/ Jackie Sawicky)

What happens when one of the biggest cryptocurrency mining companies in the world sets up shop in your small rural American town? Jacky Sawicky,...

Listen