Majority of crypto assets are ‘worthless’: BlackRock’s Mitchnick
00:00 Speaker A
So, um, let’s talk about some of the recent action first of all because we’ve had that a lot of volatility. We had the so-called crash in Bitcoin, a mini crash in Bitcoin, but more so in a lot of the other crypto coins a couple of weeks ago. What does that tell us about kind of where we are in the crypto cycle?
00:25 Speaker B
Yes, well, of course, uh, you know, 2025 uh had been and still has been a a fairly positive year to date. Um, but that uh episode uh on the 10th, Friday the 10th last week, um shown a light I think on some of the uh challenging, maybe concerning dynamics in the space and particularly with respect to the amount of uh leverage that’s out there.
00:54 Speaker B
Um, if…
