And amazingly that’s exactly how it’s trading rn
If they open redemptions there will be a run, and that missing $3.3 billion will become a much greater share of the reserves, meaning the price will drop in tandem.
I think I finally understand economics
It's honestly amazing that we didn't learn these things in high school or college. Maybe we did and I was too immature or dumb then to understand it, but I really feel like these aspects of the subjects weren't covered. Thanks Bitcoin!
No, I think keeping us in the dark in school on how the banking system worked was like keeping the slave population in the antebellum South from knowing how the legal system worked
