Capriole founder warns: Bitcoin bonds could "explode at any moment"
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According to a report by Bijie Network: Charles Edwards, founder of Capriole Investments, has warned that there are currently about 200 Bitcoin Digital Asset Fund (DAT) companies, which represent an "imminent leverage explosion." Edwards compared their rapid growth to the investment trusts of the 1920s and pointed out that DATs hold 12% of Bitcoin. He cautioned that most of these positions were bought at high prices during the bull market, and once liquidated, the collapses of LUNA and FTX might seem "insignificant" by comparison. Currently, Bitcoin is trading near $74,500.
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