Founder of Three Arrows Capital Nowhere To Be Found According To Liquidators

According to a filing by consulting firm Teneo, which is anticipated to sell the remaining assets of the struggling cryptocurrency hedge fund, the founders of Three Arrows Capital are nowhere to be found. As a result of the dramatic selloff in digital currencies, Three Arrows filed for Chapter 15 bankruptcy in the British Virgin Islands late in June.

The move was meant to protect the assets of foreign corporations from US creditors. Three Arrows, co-founded by Kyle Davies and Zhu Su, declared bankruptcy after failing to repay a $670 million debt from cryptocurrency broker Voyager Digital, ...

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Bitcoin is NOT an Inflation Hedge

Bitcoin is a hedge against monetary debasement (money printing). Bitcoin is unaffected by and cannot hedge against supply/demand shocks in market goods or other commodities.

Price volatility is heavily driven by Wall Street and retail speculators.

Bitcoin was about $10k when the money printer was turned on for COVID in March 2020. Bitcoin is still up 90% since then. Working exactly as expected.

In order to hedge against monetary debasement, you must acquire the hedge (buy Bitcoin) BEFORE debasement occurs.

It was driven up far higher by speculative FOMO. A lot of BTC newbs got in during that FOMO.

Bitcoin price is declining now that the Wall Street speculation has dried up. And can go lower as the money printer goes in reverse… exactly the way bitcoin is expected to work.

Bitcoin adoption is a separate driver of price/demand growth and Bitcoin will continue to trend higher in the long run (years & decades) as adoption grows.

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ECB President Mario Draghi in March 2018: “Euro today is a Euro tomorrow. Its value is stable. Currencies are backed by central banks. Nobody backs Bitcoin.” 4 years later, value of 1 Euro is 0.68 Euro today.

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Getting your last sats out of lending services like BlockFi/Nexo? Don't let them bully you, don't comply with excessive KYC.

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One year of DCA since I switched to Kraken Exchange. I like how they indicate my last buys on the chart.

​ https://preview.redd.it/abtgd48vj6b91.png?width=1417&format=png&auto=webp&s=4ba7ded0c1bc6a592842269e5c0e5b9d99719f67 submitted by /u/dwkp [link] [comments]

BTC is "Bitcoin" only because a group of CENTRALIZED EXCHANGES gave it that ticker.

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source https://www.reddit.com/r/btc/comments/vxkvg8/btc_is_bitcoin_only_because_a_group_of/

Congratulations to all you new 1BTC holders! Now STFU about how much bitcoin you have. You're making yourself a target for future scammers and a whole lot of other unknowns...

Would you tell everyone how much money you have in your bank account? Wouldl you tell folks on social media that you just bought $20k worth of stuff to brag? Stop doing this for the upvotes.

Come on guys, what the hell is going on in this Sub?

RULE NUMBER ONE:

NOT YOUR KEYS NOT YOUR COINS

RULE NUMBER TWO:

DO NO TELL ANYONE YOU HAVE BITCOIN!

Look at the end of the day, all of us here are excited for you to realized all the good and wonderful things Bitcoin can bring to help you out.

I think if you have 1btc or more, you have basically won the SLOW LOTTERY. It might not be wealth and riches now, but it will be soon.

Read this, it's what happens when you win the lottery and all the consequences that come with it. https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb38xf/

Guys, friends, whole and part coiners, calm ur tits.

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