Terra CEO Do Kwon places $1M bet on LUNA price in a year. https://www.binance.com/en/news/flash/7073299 I loved this. Putting the money where the mouth is. Sensei Algod was saying that Terra/Luna was a Ponzi scheme and it will go to zero. He was going further to bet with anyone $1million. Do Kwon, went further and said that Luna's price will not be lower than $88 a year from now. Jordan Fish, the custodian on this bet, provided an address to which both Do Kwon and Sensei Algod could send the equivalent of $1 million each in USDT. #cryptocurrency #cryptotrading #randomthoughts
Log in to join in Reading is open to everyone. Replying needs an account.
3 comments
Burning LUNA should support price to increase, shouldn't it? Even if things don't go as thought, why would you bet with someone who has an influence on LUNA price?
Hype? Influence? Drama? Create a sort of drama to increase influence? Who knows! But 100%! Luna burning mechanism should support that price. Less Luna, higher prices.
That is what I thought, less LUNA, higher price. I'm trying to find a reason if I were Sensei, why would I bet on low side?