Are Defi Crypto Lenders All Running Ponzi Schemes! It's A Full Blown Credit Crisis In Crypto Lending

Novogratz said that crypto is in the midst of a “full-fledged credit crisis”
If you can, help Please Support the SRU and our employees http://buymeacoffee.com/silverreport as we endure the recession ad drought and buy me a coffee

Mike Novogratz, crypto billionaire was warning of the risks of crypto leverage, admitting this week to Bloomberg that he was "darn wrong" about the "magnitude of leverage" in the crypto universe.

Novogratz said that crypto is in the midst of a “full-fledged credit crisis” at the Bloomberg Crypto Summit Tuesday. He commented: “What I don’t think people expected was the magnitude of losses that would show up in professional institutions’ balance sheets and that caused the daisy chain of events.”

“It turned into a full fledged credit crisis with complete liquidation and huge damage on confidence in the space," Novogratz continued.

After throwing his support behind Terraform Labs, which subsequently collapsed, Novogratz told Bloomberg that he learned that both the industry and retail investors “really had very, very little concept of risk management.”

http://buymeacoffee.com/silverreport to buy me a coffee
for social media marketing tips and tricks subscribe to
http://youtube.com/c/irongripprofits
all our content in now on Rumble subscribe today https://rumble.com/c/SilverReportUncut
we're on soundcloud http://soundcloud.com/silverreport
check out new episodes on the original Silver Report
http://youtube.com/c/silverreport
Follow every creature ministry http://t.me/everycreatureministry
http://youtube.com/c/everycreaturemin...
Subscribe to our backup SRU channel
http://bit.ly/odyseesru
Follow on Telegram http://t.me/silverreport
you can donate crypto at http://silverreportuncut.com
Ad revenue is down and we do accept donations via crypto on our website and you can support our work on
http://buymeacoffee.com/silverreport
https://www.patreon.com/silverreport