The 'Widowmaker' Crypto Trade That Helped Blow Up an Industry
Odd Lots20 Jan 2023

The 'Widowmaker' Crypto Trade That Helped Blow Up an Industry

Over the last year, numerous things have gone wrong for the crypto industry. (Too many to list.) But one thing we've learned is that there's an incredibly high degree of interconnectedness between various firms, all borrowing and lending from each other in a way that created a tremendous amount of fragility. A key entity in all this is GBTC, the Grayscale Bitcoin Trust, which was one of the first regulated entities that allowed ordinary investors to get Bitcoin price exposure. Over time, this trust turned into a behemoth, with numerous players making massive leveraged bets on it. On this episode, we speak with Ram Ahulwalia, the CEO of Lumida Wealth, who explains how the fund works, how the trade worked for investors, and why it's ended in tears for so many players.

See omnystudio.com/listener for privacy information.

Episoder(1188)

Henry Wang on China's Role in the New Emerging World Order

Henry Wang on China's Role in the New Emerging World Order

There is a widespread view that China is a superpower of rising status, and that a new global order is emerging with the country as an important pole in it. You see this with the growing BRICS organiz...

19 Sep 202553min

Elon Musk's Pay Package and the Threat to the Delaware Corporation

Elon Musk's Pay Package and the Threat to the Delaware Corporation

If you look at prospectuses and earnings documents for almost any company, you're going to see a Delaware address. For more than a century, the state has been the place to go to if you're setting up a...

18 Sep 202537min

The Cardboard Boxpocalypse and the State of the US Economy

The Cardboard Boxpocalypse and the State of the US Economy

Almost everything we buy nowadays has been in a box at some point. Goods are shipped in boxes. Products ordered online arrive at our doorstep in boxes. Boxes are so ubiquitous that some strategists us...

15 Sep 202543min

Vineer Bhansali on Losing Fed Independence as the Biggest Tail Risk Right Now

Vineer Bhansali on Losing Fed Independence as the Biggest Tail Risk Right Now

Everyone wants to buy the hedge that will save their portfolio in a time of collapse. But this is easier said than done. You need to understand the specific risks facing your portfolio. You also need ...

13 Sep 202545min

Rob Kaplan on the Fed, AI, and How Globalization Is Happening Without the US

Rob Kaplan on the Fed, AI, and How Globalization Is Happening Without the US

In this live episode, recorded at the Future Proof Festival in Huntington Beach, California, we speak with Rob Kaplan, the former president of the Dallas Federal Reserve Bank and the current vice chai...

12 Sep 202531min

What China's Military Parade and Newest Jets Tell Us About the Battle For Air Supremacy

What China's Military Parade and Newest Jets Tell Us About the Battle For Air Supremacy

The recent parade in Beijing once again raised questions about the relative strengths of the US and Chinese militaries. Meanwhile, because of recent global conflicts (including the clash between India...

11 Sep 202540min

Josh Wolfe on AI and the Breaking of Silicon Valley's Social Contract

Josh Wolfe on AI and the Breaking of Silicon Valley's Social Contract

One day it's so over. The next day we're so back. This is what it feels like gauging the AI boom right now. Everyone's looking for signs of some kind of slowdown and that investments aren't going pan ...

8 Sep 202550min

Everybody's Business: The Business of KPop Demon Hunters

Everybody's Business: The Business of KPop Demon Hunters

For this week’s episode of Bloomberg’s Everybody’s Business, Joe Wiesenthal joins Max Chafkin and Stacey Vanek Smith to fact check President Trump’s recent claim that the “stock market needs the tarif...

7 Sep 202544min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
tid-er-penger-en-podcast-med-peter-warren
pengesnakk
livet-pa-veien-med-jan-erik-larssen
utbytte
stormkast-med-valebrokk-stordalen
morgenkaffen-med-finansavisen
lederpodden
rss-markedspuls-2
rss-sunn-okonomi
rss-pa-konto
finansredaksjonen
stockup
boligbobla