MM065: What's behind the TERRA-fying moves in crypto?

The price of bitcoin briefly fell below $26,000 this week, hitting its lowest level in 16 months. The move came after a collapse in Luna as TerraUSD struggled to regain its Dollar peg. Find out what purpose these 'algorithmic stablecoins' serve, what caused them to break down, and what it means for institutional adoption going forward.We also catch up on what has been another brutal week across the asset class spectrum with YTD losses in the Nasdaq 100 now over 27%, and find out why Italian Prime Minister Mario Draghi wants to set up his own cartel!Daily newsletterhttps://amplifyme.com/market-makerTake a Finance Accelerator simulationhttps://amplifyme.com/course/finance-acceleratorConnect with Anthonyhttps://www.linkedin.com/in/anthonycheung10/Connect with Piershttps://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.