Financial Times
Dec 5, 2022 - 17 min
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Crypto debt can be trouble
23 mins | Jun 22, 2022
The industry is now significant enough to cause a banking crisis. Cryptocurrencies dropping value is fine. But the deeper problem, Matt Levine argues, is when you add leverage. In his new letter, Levine discusses the crypto winter, pre-MBA hiring and bond market liquidity.
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