Have small private/institutional shops and hedge funds closing up in droves right now too and that means selling at losses and clients withdrawing cash for Custodial banks and Prime Brokers. So many PB's are seeing value outflows that used to be on book assets and can see more coming. As PBs are leveraged, loss of real capital is causing issues for sure.
We have some big selloffs left before the next boom, where i see crypto being the new nasdaq in its lead of next gen companies.
Have small private/institutional shops and hedge funds closing up in droves right now too and that means selling at losses and clients withdrawing cash for Custodial banks and Prime Brokers. So many PB's are seeing value outflows that used to be on book assets and can see more coming. As PBs are leveraged, loss of real capital is causing issues for sure.
We have some big selloffs left before the next boom, where i see crypto being the new nasdaq in its lead of next gen companies.