Comments by "Haruhi Suzumiya" (@haruhisuzumiya6650) on "The crypto collapse: What the TerraUSD stablecoin collapse could mean for invested firms" video.

  1. The cryptomarket was where I warned that the largest wealth transfer in modern history was Going to occur, and I was right What I didn't know that a stable coin was being propped up by wholesale sell off of Bitcoin to counter the depeg what ensued was Luna entered into Hyperinflation
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  2. I saw this coming, the market went into the stratosphere, what was incredibly interesting was that the entire foundation of the crypto market was built on quicksand! Not to be hyperbolic but the fact that every coin was connected to the hip of either Bitcoin or Etherium so when a stablecoin was pegged to the USD the way to keep UST was to burn UST with the added problem of Luna being minted for each UST created the environment for a Hyperinflation scenario. Don't forget that the safeguard to protect UST was to sell Bitcoin leading to the death spiral where a crypto currency was essentially propped up by selling the index of the stock exchange. What was unforseen was that every crypto currency is measured by the trust in Bitcoin. Leading to multiple failures in a chain reaction.
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  3. It's easy to gamble in finance it's harder to remove the casino chips from the casino 🤣
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