Genesis who pays 5.5% interest or even higher to borrow BCH used for massive shorting of Bitcoin-Cash, warns of possible bankruptcy. They claim their assets are "illiquid". Its easy to sell millions of BCH, but to cover and buy back isnt gna happen. So they need massive loans.

4y ago•

Reddit r/btc

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Genesis who pays 5.5% interest or even higher to borrow BCH used for massive shorting of Bitcoin-Cash, warns of possible bankruptcy. They claim their assets are "illiquid". Its easy to sell millions of BCH, but to cover and buy back isnt gna happen. So they need massive loans.

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4y ago•

Reddit r/btc

bullish:

0

bearish:

0

Share

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