How’s it going E.T Fam? Hopefully, everyone’s week has gone well despite the current conditions of the crypto market. I know that the week is almost over, but our weekly dose of crypto drama is just starting. As the famous saying goes, when it rains, it pours….and eventually the pouring rain becomes a flood. I think it’s safe to say that we’re approaching flood levels. For those of you that have not been paying attention (and those that have) Terra has been the talk of the town.
UST and Do Kwon are facing the worst case scenario with UST losing all stability and de-pegging. This has left many influencers absolutely Rekkt. Predictably, the community is in shock and wondering if this is an attack coordinated by the government or our Wall Street frenemies. Unfortunately, this is crypto, meaning that it could be a culmination of all of the above. Plus, the drama just doesn’t end there.
Remember how I mentioned pouring rain becoming a flood? Well, that flood has made its way over to NFTland as well. Azuki has become another casualty of the crypto exposé hour. As bleak as things seem at the moment, there is also and opportunity in the midst of chaos. The smartest investors know how to build an ark to save themselves.
In this video, I’m going to cover all of the drama mentioned above and discuss what this means for the space moving forward. Be sure to tune in, because this is a breakdown that you don’t want to miss. Talk to you all soon!
00:00 – Intro
02:28 – UST demise
05:52 – The UST depeg thread
09:25 – A case example
11:03 – How to make $800 million in the crypto markets
15:20 – UST de-pegging
17:35 – What’s the lesson
20:06 – Zagabond and Azuki fall
22:39 – Opportunities arise
26:07 – Outro
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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR