(About the recent Celsius collapse and crypto broker Voyager Digital suspending trading, deposits and withdrawals on its platform.)
“We saw this in 1998 with the Long-Term Capital Management crisis. We saw it in 2008 and listen, there’s a lot of people that were over-leveraged in the system. They were overzealous. There was double collateralization going on. It was almost like Bernie Madoff got married to Long-Term Capital Management and they created Celsius and so some of this stuff is terrible, frankly.”
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