"But then yeah, after that day, when, you know, Bitcoin went from $30,000 to $20,000, you know, that, that was extremely painful for us. And that was in, that e

"But then yeah, after that day, when, you know, Bitcoin went from $30,000 to $20,000, you know, that, that was extremely painful for us. And that was in, that ended up being kind of the nail in the coffin." Bitcoin has had 10 drawdowns of 40% or more in its short history of 13 years [0], and yet a mere drop of 33% caused them major problems. Doesn't sound to me like they can blame "a systemic failure of risk management"; more like a profound lack of understanding by these two individuals. [0]: https://www.livewiremarkets.com/wires/analysing-bitcoin-drawdowns https://www.livewiremarkets.com/wires/analysing-bitcoin-draw...