A bunch of companies took out loans based on the price of #Bitcoin going up and now are on the verge of bankruptcy.
Not sure who was more foolish, the companies taking loans based on “to the moon” & “HODL” or the ones who loaned them the money.
https://hashrateindex.com/blog/which-public-bitcoin-miners-owe-the-most-money/
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@carnage4life Akon’s Wakanda and a crumbling crypto dream https://www.bbc.co.uk/sounds/play/w3ct4lnk
