Analyse Asia With Bernard Leong

"The reason for that is that all the businesses in crypto are tied primarily to trading and speculation of crypto rather than any productive use cases. So there are some businesses that generate real cash flow, and those are the ones that I focus on at my hedge fund in my portfolio. But even those largely generate revenue from other crypto businesses. So until crypto has more ties to real world productive use cases and has more dollar generation tied to real world activity, it will continue to have this highly internally reflexive nature. As crypto trading goes up, there's more revenue in the system. As crypto trading goes down, there's less revenue in the system and that's not sustainable. It's very circular." - Cosmo Jiang Fresh out of the studio, Cosmo Jiang from Nova River & host of the Global Coin Research Liquid podcast joined us to discuss the crypto contagion which originated from the recent collapse of the algorithmic stablecoin: Terra-Luna-UST. We dived deep how the ongoing contagion cascaded to