The host of The Wolf Of All Streets Podcast, Scott Melker posted on his X handle about potential risks in the market particularly Bitcoin. He went further to highlight crypto custody dangers and the systematic risks that is posed by exchanges. Melker explain further that custody failures can destabilize the entire markets and the lack of best price in crypto trading.
He elaborates that stablecoins are in yield war and they are in for regulatory capture. The convergence of ETFs and stablecoins is noted, along with SVB’s warming to Bitcoin markets.
Stay Alert!
