Scott Melker, host of The Wolf Of All Streets Podcast, posted on X about potential risks in the Bitcoin market. He highlights crypto custody dangers and systemic risks posed by exchanges.
Melker discusses how custody failures can destabilize markets and the lack of best price in crypto trading. He mentions the stablecoin yield war and regulatory capture.
The convergence of ETFs and stablecoins is noted, along with SVB's warning to Bitcoin markets. Melker emphasizes the need for market evolution and the impact of politics on Bitcoin's resilience.