Crypto Not Having a Lehman Moment: Nexo's Trenchev

The transcript discusses the decision not to support Terra USD, the impact of its collapse on the crypto market, and the dynamics affecting Bitcoin prices. It highlights the limited number of sellers and the unwinding of BTC reserves as key factors. Predictions suggest Bitcoin prices may stabilize around $20,000 to $25,000 once selling pressures ease.

What was the board's decision regarding involvement in the ongoing rescue plan?

What is the speaker's perspective on whether the current situation is a 'Lehman moment' for the cryptocurrency industry?

How does the current situation in the cryptocurrency market compare to previous events like the China ban or COVID?

What factors are contributing to the pressure on Bitcoin's market currently?

What are the predicted turnaround points for Bitcoin's price according to the speaker?