Genesis is having a hard time raising cash for its lending unit, and it is warning potential investors it could possibly file for bankruptcy. If Genesis were to file for bankruptcy, that would imperil Digital Currency Group.
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Timestamps:
0:00 – Genesis warns of bankruptcy
1:22 – Why this is a big deal
1:50 – Genesis liquidity CRUNCH
2:26 – How we got here
3:02 – CZ Binance concerns over Coinbase & Grayscale
4:34 – Why this is a big deal (pt2)
4:59 – The state of Genesis, Grayscale, & DCG today
5:42 – 2 possible scenarios
6:23 – Genesis has “days not weeks”
6:37 – Join us at these crypto conferences
7:14 – DCG on verge of Total Collapse?
8:50 – DCG CEO letter to shareholders today
**Note: My overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. Alts are interesting but a lot more speculative. I use them to accumulate more Bitcoin.
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Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.
Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, CELL, DON, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL, GMT
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21 Comments
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OTC companies need to go. Everyone, and I mean everyone should be forced to buy spot.
Bitcoin Is Digital Gold!
Notice all/most of the news coverage of FTX seems built around hyping the FEAR/FUD?
This looks like a psyop…like COVID was.
Bitcoiners are not built like that….we eat FUD for breakfast. Price up? Price down? Yeah, that's Tuesday for bitcoin.
ah shutup, drama queen
If you highlight everything, you've highlighted nothing.
Financials is a scam. Any accountant knows this. Its a snapshot and not telling the real time assets. Show the actual adresses with assets. If not they are all lying.
Honestly I've just been sitting back with popcorn and watching the dumpster fire. All I've seen is crypto bros saying they are offing themselves cause they've lost everything ie they can't afford the Lamborghini anymore.
DO NOT trust Brian Armstrong 😂
Sweet I love it let it all burn f crypto I will take my profit and dip f all of this bull s
#PAW is making waves in the next bull run 🐾 🐾 🐾
so which do they need $500 million or $ 1 billion, thats a big swing?
Take a deep breath Altcoin daily and chill. You sound more panicked then my wife when we’re running low on paper towels for cleaning the bench. Just relax bros 😂
Even with the recent dip in crypto currency’s, I’m still happy with my portfolio of $87,420 built from my weekly trade☺️, I’m having my 4th withdrawal in 10business days ☺️☺️
MY COINBASE WALLET MOST CRYPTO BEEN STOLEN, DONT KNOW WHO MAKE ALL THOSE TRANSATION, BUT COINBASE CUSTOMERSERVICE SAID ALL THOSE TRANSATION WAS DID IS BY THIRD PARTY
you deserve more subscribers!
I traded my Lazer eyes for Fire Pants.
What's with this amz coin shilling? Sounds like scammers to me.
BNB or Coinbase will bail them
Buy the Dip 😃
I think it's spelled genocide not Genesis. Lol