»Crypto’s new alliance with capital markets is ironic, given its original mission to uproot traditional financial markets and do business away from the prying eyes of large institutions. […]
“Structurally this is very unhealthy if you’re paying your existing debt by raising other debt. That makes me very uneasy,” says the head of a crypto hedge fund, adding: “You may end up with systemic risk…«

https://www.ft.com/content/8a160bd3-c96d-468a-8052-b0aae43e5aea

Reminder: https://en.wikipedia.org/wiki/2008_financial_crisis

@molly0xfff I mean, good on him for being honest. Obviously his job is to ride the boom, but at least he's not deceiving anyone while he's doing it, which is more than just about anyone else involved can say. I wish people would stop promoting these dishonest scams, but more realistically, I hope professionals can still tell the truth in a straightforward way so people know.