Crypto Not Having a Lehman Moment: Nexo's Trenchev

The transcript discusses the decision not to support Terra USD, the impact of its collapse on the crypto market, and the dynamics affecting Bitcoin prices. It highlights the limited number of sellers and the unwinding of BTC reserves as key factors. Predictions suggest Bitcoin prices may stabilize around $20,000 to $25,000 once selling pressures ease.

What was the board's stance on supporting Terra USD during its crisis?

• They had no opinion on the matter.

• They were eager to intervene at any cost.

• They chose to stay uninvolved unless a better proposal is made.

• They decided to support it immediately.

How does the speaker compare the Terra USD collapse to past events in the crypto industry?

• It is seen as a unique event with no parallels.

• It is seen as a minor incident with little impact.

• It is compared to the Lehman moment, but such events are not uncommon.

• It is considered the worst event in crypto history.

Which prominent figures are mentioned as having lost a significant portion of their wealth due to the Terra USD collapse?

• Mark Zuckerberg and Larry Page

• Elon Musk and Jeff Bezos

• CZ and Mike Novogratz

• Warren Buffet and Bill Gates

What is causing the current market pressure on Bitcoin according to the speaker?

• A sudden increase in Bitcoin mining

• The unwinding of BTC reserves by the Terra foundation

• A new government regulation

• A global economic recession

At what price point does the speaker speculate large-scale Bitcoin buying might resume?

• $20,000

• $10,000

• $15,000

• $30,000