BlockFi Now Going To Zero?

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In this video, I discuss the details of the FTX bail-out offer to BlockFi, which apparently includes the requirement that all existing shareholders get wiped out.

Contrary to their public statements, BlockFi is in serious trouble to be even contemplating such an investment. CoinDesk reported this weekend that Mark Yusko and Anthony Pompliano are trying to raise emergency equity capital as an alternative.

Either way, this is another lesson in the dangers of lending out your Bitcoin and crypto. In a bear market, the concern shifts from "return on capital" to "return of capital."

Not investment advice! Consult a financial advisor.

Is BlockFi About To Implode?
https://www.youtube.com/watch?v=SFow3o6EkRw&ab_channel=TraderUniversity

BlockFi gets $250 million credit offer from FTX:
https://www.coindesk.com/business/2022/06/21/blockfi-receives-250m-credit-facility-from-ftx/

BlockFi and Voyager Bailouts (Is Your Money Safe Now?)
https://www.youtube.com/watch?v=AQEJ7giBw4w&ab_channel=TraderUniversity

Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout:
https://www.coindesk.com/business/2022/06/25/morgan-creek-is-trying-to-counter-ftxs-blockfi-bailout-leaked-call-shows/

Weaselly lawyer language:
https://twitter.com/BlockFiZac/status/1539216595729453056

BlockFi's paternalistic lecture:
https://twitter.com/BlockFi/status/1539658861287710720

The best time to raise money is when you don't need it:
https://twitter.com/BlockFi/status/1539658864500641792

All major crypto lenders probably dead:
https://twitter.com/twobitidiot/status/1540830959825731584

Goldman wants to use your money to bottom fish:
https://fortune.com/2022/06/24/goldman-sachs-celsius-assets-crypto/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#blockfi
#bitcoin
#bitcoinnews

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