"This Was NOT A Black Swan Event" | Lyn Alden

"This Was NOT A Black Swan Event" | Lyn Alden

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"This Was NOT A Black Swan Event" | Lyn Alden

In an interview with Jay Martin, Macro Economist Lyn Alden shared her thoughts on why the events in the market are not a black swan event. Her comments came from referencing Coinbase CEO Brian Armstrong, whose words might have been taken out of context. Earlier this month, Coinbase took a big hit with the collapse of Terra Luna and made headlines when savvy investors such as Peter Brandt correctly called out Coinbase, stating that the retail investor is not protected if Coinbase were to collapse. This caused quite a stir for the public relations of Coinbase, and CEO Brian Armstrong admitted that, while Coinbase’s Prime and Custody customers have “strong legal protections in their terms of service,” retail customers didn’t. Brian Armstrong then apologized via twitter, stating;

“For our retail customers, we’re taking further steps to update our user terms such that we offer the same protections to those customers in a black swan event. We should have had these in place previously, so let me apologize for that.”

Some pundits and analysts believe Armstrong was calling the Terra Luna collapse a black swan event, while others are saying his wording was proactive and suggesting future events. Regardless of how you see it, Lyn Alden and other analysts are adamant that the collapse of Terra Luna was NOT a black swan event and people did call its downfall because of its faulty protocol. And that much of what’s coming is somewhat predictable when looking at the probabilities.
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THIS INTERVIEW WAS POSTED ON MAY 28, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
Risk Assets Will Have it Rough in 2022, Prudent to Play Defence: Lyn Alden
https://www.youtube.com/watch?v=j3oRrbVJmuk
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🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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