Genesis & DCG Meltdown? | Was 2021 Just a Gigantic PONZI?

Is Genesis the next domino to fall in the 2022 Contagion? As one of the biggest lending desks in the industry, what does it mean for Genesis to be in danger?

In this episode, we dive into David's conspiracy theories about unravelling ponzi schemes and the death of the bull market. Has David figured it all out?

------
Infura | Join the New Decentralized Infrastructure Network
www.bankless.cc/infura 

------
 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/?utm_source=banklessshowsyt 
️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/ 

------
BANKLESS SPONSOR TOOLS: 

️ ⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum 

👯 DESO | DECENTRALIZED SOCIAL BLOCKCHAIN
https://bankless.cc/Deso 

🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave 

📡 TRUEFI | CRYPTO FINANCIAL HUB 
https://bankless.cc/TrueFi

👾 SEQUENCE | ALL-IN-ONE PLATFORM 
https://bankless.cc/Sequence 

⚡️FUEL | THE MODULAR EXECUTION LAYER
https://bankless.cc/fuel 

-----

0:00 Intro
4:30 Barry Silbert in 2021
7:00 The Pyramid
11:30 Who Made the Money?
16:15 The Yield Game
23:00 The Players
27:00 Arbitrage
35:45 Deploying
41:00 The Macro Picture
45:00 Terra Luna Crater
48:30 The Blow-off Top
54:00 The GBTC ETF
58:00 3AC Liquidated
1:02:00 Saviors FTX and Genesis
1:05:30 FTX Threatened
1:09:50 Greyscale vs SEC
1:13:00 SBF Crumbles
1:20:00 SEC's Role
1:25:20 The Genesis Domino
1:32:00 Is this it?
1:36:00 2021 Was a Scam
1:40:00 Hitting the Reset Button
1:44:00 Comparing Bear Markets
1:47:00 Looking Forward

-----
Resources:

Barry Silbert Tweet
https://twitter.com/BarrySilbert/status/1408191462324441092 

Bull Market Pyramid
https://docs.google.com/drawings/d/1BoRcwjJx3yp1UG9G2eFMNEzKDG4ufThLI1_JR1wk2y4/edit?usp=sharing 

Who Made the Money?
https://twitter.com/TrustlessState/status/1590483734650056706 
https://twitter.com/bmcmillan888/status/1590516943211368449 

GBTC
https://www.sec.gov/Archives/edgar/data/1588489/000110465921000026/tm2039668d1_sc13ga.htm 
https://miro.medium.com/max/4800/1*Axga-kkSolJ1eG0VfdRE_A.webp 

Investing into AVAX
https://www.theblock.co/post/117895/polychain-three-arrows-capital-lead-230-million-avalanche 

Solunavax
https://twitter.com/zhusu/status/1471807725742931969 

Inflation
https://www.cnbc.com/2022/02/10/january-2022-cpi-inflation-rises-7point5percent-over-the-past-year-even-more-than-expected.html 

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures