Wolf Richter: Leverage & Interconnectedness Blow Up Crypto & DeFi
Wolfstreet, Released on 7/4/22
That's what's different this time: Stuff is blowing up because of leverage, and the blow-ups cascade through the crypto space because everything is now interconnected. Those weren't factors in prior "crypto winters." It's an insidious process.
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.
Wolf Richter: Leverage & Interconnectedness Blow Up Crypto & DeFi added by Herman James on 07/01/2022View all posts by Herman James ?+'