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Podcast: Raoul Pal: The Journey Man
Episode: BVI Court Says 3AC Must Liquidate
Description: Bitcoin has what seems like a tenuous hold on $20,000 in the immediate aftermath of a British Virgin Islands court ordering Singapore-based crypto fund Three Arrows Capital to liquidate. The plunge in asset prices has caused a domino effect in the industry, with Three Arrows joining Celsius, Terra LUNA, and others on the casualty list. And Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, said in an interview with Forbes that there will be more failures, warning of dire financial circumstances for multiple unnamed companies. Tascha Che, the founder of Tascha Labs, and Katie Talati, the director of...