Around the Block #4: on the recent market crash and Bitcoin’s value proposition

With any major crash, the levered small speculators end up liquidating their holdings to the strong hands (whales) who are buying at a huge discount.  This certainly happened with physical gold and silver (I was in the epicenter of that space as large orders poured in), and it happened on Black Thursday with Bitcoin.

https://blog.coinbase.com/on-crypto-markets-and-bitcoins-value-proposition-2fbbca5349dd