@buwaytress. Agreed. I speculate that each of their company's' performance during the bear market, a coming economic crisis, Ukraine invasion and there is the risk of China's invasion of Taiwan might not be very good. There is also China's defense ministry. He has already warned that America and their allies should avoid the Taiwan Strait or there will be war.
I predict Saylor liquidation fud to begin if bitcoin dumps under $20k and cause more panic.
Except that now he seems to have backtracked somewhat and said that the danger is really not as significant as -- think 3 days ago, I saw the full transcript on phone and he said a lot of things that didn't seem to add up
Takeaways: plenty of assets left to collateralise, margin call wouldn't happen below 21k, and he's leveraged 1.04, so would need 95% drop of purchase price (so that's $2000) to get in trouble.
But I don't know, was a rough interview and vague as hell.
Another thing about him is that whenever he says something, we doubt him, he could be saying the truth or he could be telling a lie and we wouldn't know. This is why it's hard for Luna to comeback, not because it is a bad coin or a project or anything like that, at the hands of someone everyone trusts it could recover even after all of what has happened.
But as we all know, nobody really trusts Do Kwon after what happened, and that is why it's clear to me that Luna will never recover, because people do not want to invest into something he is involved with anymore. Leverage or not, truth or not, if we doubt what he is saying, then what he does doesn't matter anymore.