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Podcast: Raoul Pal: The Journey Man
Episode: Where Does Celsius Go From Here?
Description: The crypto market is experiencing a "Lehman Brothers" moment, according to Simon Dixon, the chaos caused by greedy short-termers exploiting vulnerabilities in nascent technologies such as DeFi and yield farming. The CEO of BnkToTheFuture says lenders marketed products as low-risk savings accounts to attract retail depositors. What they were really doing was investing customer funds in DeFi, effectively making their products high-risk securities. Dixon joins Real Vision's Ash Bennington to talk about what happened at these troubled exchanges, how the industry can recover, and when it can begin to move forward again. A Celsius shareholder, Dixon is committed to...