More Crypto Meltdowns Likely Says Pantera Capital CEO | Bitcoin UpdateJun 30, 2022
Dan Morehead of Pantera Capital claims that the Federal Reserve has been making serious mistakes for far too long and that these errors are now having an impact on the cryptocurrency market, where further "major meltdowns" are likely to occur. Morehead cites the collapse of Terra as an example of an unsustainable economic/stabilization model. He also highlights Celsius as an example of a company with subpar risk-management procedures. Three Arrows Capital, a troubled cryptocurrency hedge firm, was overleveraged and unable to meet margin requirements. He refers to these incidents as "major meltdowns."
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