Do Kwon’s confidence is unmatched. He told Laura Shin that he is betting on the long-term growth of Bitcoin to avoid 'the worst case' scenario.
Kwon made the comments in an interview on the Unchained podcast on Mar. 29. Host Laura ShinKwon what the short term implications of holding so much BTC will be for the stability of UST.
Kwon said “the worst case would be if we were buying Bitcoin and a crash happens six months later, and it’s correlated with a massive fall in demand for UST” which would be, as he modestly put it, “negative.” However, that scenario isn't keeping him up at night: “I’m sort of betting that the long term scenario of Bitcoin going up and the reserves being strong enough to withstand UST demand drops is the more likely scenario.”
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