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    This is the most destructive wealth event in the history of crypto, says The Block's Frank Chaparro



    Frank Chaparro, The Block director of news, joins ‘The Exchange’ to discuss stablecoin’s drop. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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    View 39 Comments

    39 Comments

    4. Hank Moody on

      There is zero wealth destructed, it's purely valuation. There are some happy folks out there, who made it their business to sell Mickey Mouse money to naive investors. And these TV puppets are still hyping coins…

    6. Flucas Navas on

      Diversi esperti di criptovalute hanno recentemente confrontato bitcoin e altre criptovalute con l'oro digitale e sappiamo tutti che l'oro è sempre in aumento, quindi questo potrebbe anche significare che siamo sempre su un percorso rialzista, anche se indicatori chiari indicano che siamo sull'orlo di una forte rimbalza anche a massimi più alti, come dice sempre la mia guida commerciale personale e fornitore di segnali su telegramma @Flucastrades, sedersi sulla tua scorta in un mercato ribassista non è l'approccio migliore, poiché i trader stanno sfruttando al massimo il caos.

    10. Rusty Schackleford on

      DXY is outperforming crypto YoY. But everyone is clueless that the USD has been winning over the Euro and BTC because they don't look at the data, just parrot moronic right-wing myths.

    17. K on

      When the economy dies wouldn't you want the currency that you can actually buy products with lol

    18. Jeff V on

      The cruelest part of the crypto tragedy is that there were so many warnings from some very accomplished experts such as Buffett and Munger. Exceptionally sad. It was a Perfect Storm of sorts- millions of new traders, unaware of the full picture on crypto technology and financial structures being sucked in by hundreds of "pros" with commercial interest in the Ponzi scheme. Important lessons learned, hopefully. Those who have learned are out of crypto entirely or doing as i have and profiting from shorts using e.g., BITO put options.

    30. True Persona on

      How can something plunge SO HARD when it takes HUNDRED OF BILLIONS of dollars to mine software !?! It looks like the software crypto is self defeating in and for NATURE !

    33. seraj haj ali on

      Ust is an algormethmic stablecoin, no one is worried about tether or usdc, they never depegged from 1$, i can see a ban coming from the gov, so thats why they are pushing this narrative

    34. paul tweedley on

      If things get worse all these criptocurrecys are going to near zero, bitcoin and Ether may survive a long time devalued but all the other crap will start to disappear 😉

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