Bloomberg - King of the ‘Lunatics’ Becomes Bitcoin’s Most-Watched Whale

in blockchain •  3 years ago 

https://www.bloomberg.com/news/features/2022-04-19/terraform-s-do-kwon-s-huge-bitcoin-buys-catch-crypto-billionaires-attention
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This year, more than $1.5 billion in bitcoin was purchased by a group led by Kwon, supporting Terra and surprising audiences.

On the one hand, there are many "Lunatics" who have turned Kwon's vision of stablecoin (UST) engineering, free of government regulators, into the largest blockchain project ever (worth tens of billions of dollars).

But on the other hand, many have compared the project to the Ponzi scheme, including Twitter user @AlgodTrading. This is due to the constant demand for more tokens.

Are you a Lunatic? Make sure it is not a Ponzi scheme!!!

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