So there’s zero leverage across the ecosystem, not withstanding bucket shop margin at fly by night exchanges, and you think you can call an absolute maximum? T

So there’s zero leverage across the ecosystem, not withstanding bucket shop margin at fly by night exchanges, and you think you can call an absolute maximum? This is the only bubble WITHOUT credit and institutional leverage so far I would take the opposite side of your bets, there simply aren’t enough whole bitcoin units for even every schmuck with a million dollars Wake me up when crypto ventures are built entirely on rehypothecated assets in the crypto ecosystem, and Morgan Stanley is leveraged 5,000% again