Cryptocurrency

Crypto's MASSIVE Hidden Risk: DCG, Genesis & Gemini Updates!



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📺 Useful Vids 📺

DCG & Genesis Market Risks 👉 https://www.youtube.com/watch?v=1lNUCWw7pkk

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⛓️ 🔗 Useful Links 🔗 ⛓️

Cameron Letter 1: https://twitter.com/cameron/status/1609913051427524608
Cameron Letter 2: https://twitter.com/cameron/status/1612806661508567042
Barry Letter: https://dcgupdate.com/
Justin Sun Makes Offer: https://www.reuters.com/technology/crypto-investor-justin-sun-says-willing-spend-up-1-bln-dcg-assets-2023-01-13/
Valkyrie Offers: https://cryptoslate.com/valkyrie-aims-to-rescue-grayscales-bitcoin-trust/
3AC Daisy Chain: https://datafinnovation.medium.com/3ac-dcg-amazing-coincidences-c14eec941c06

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– TIMESTAMPS –
0:00 Intro
0:41 Some Background
4:30 The 3AC GBTC Trade
9:46 A Trade Unwinds
13:09 Questionable Accounting
17:22 DCG Responds
20:23 Implications for Future
24:11 Outro

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Grayscale #Genesis #GBTC #Crypto

34 Comments

  5. hephner78

    I lost on the Gemini BS, but only about 50$, as I'm a disabled old man on limited income it hurt a little bit, but im thankful it wasnt more, I was very tempted as their "Earn" program promised heatlhy returns, but I lost everything that was in there as its STILL saying "pending" on both my Dogecoin (about 250) AND my "Gemini Dollars" about 20$

  8. mike

    I look forward to staying out of this wonderful ponzi scheme longer, I think its terrible what's going on, i hope the players creating this space are held accountable, i doubt they will , I appreciate this channel greatly 🙏 the only people that will make money will be governments

  16. Paul C

    900 million does not seem like a lot in comparison with the collapses, failures, and frauds that we have already seen taking place…

  21. Atanas Gaidarov

    Can you cover the situation with Nexo? Their offices here in Bulgaria got raided by the cops a few days ago and it's all over the news. Seems like they are gone for good. Money laundering charges for 94 billion…

  23. Wayne Flint

    Warren Buffet on Crypto " It will all end very badly" The old guys could pick a Ponzi scheme. Apparently, our young, woke, best and brightest got lost in the Acronyms!

  24. Rainy

    I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spending or investments. I earn around $165K per year but nothing to show for it yet.

  25. kurgon1976

    since Celsius now owns my BTC I don't care. If BTC drops massive I may try and buy some, if not.. meh, I'm going to be living in a cardboard box eating cat food in retirement anyway.

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