January 20, 2023· 37 min

The 'Widowmaker' Crypto Trade That Helped Blow Up an Industry

Ram Ahulwalia

Orality

Model

73%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(3,116 words)

M:24%

HostJoe Weisenthal(1,846 words)

M:29%

GuestRam Ahulwalia(1,220 words)

M:28%

Oral Indicators

Agonistic24%

literally, completely, basically

Engagement45%

you, our, your

Memory Aids100%

listen, now, so

Repetition100%

like (73x), they (59x), bitcoin (57x)

Parallelism74%

And I'm Tracy Alloway...., So The background to that intr..., And he just went with bad thin...

Sound Patterns75%

53 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases3%

i mean

Literate Indicators

Hedging10%

could, might, maybe

Passive Voice6%

is based, is issued, is called

Abstract Nouns22%

investment, recommendation, entity

Subordination10%

because, while, although

Sentence Length28%

Avg: 12.0 words/sentence

Word Complexity50%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style55%

321 personal pronouns found

Descriptive Style71%

literally, completely, importantly

Description

Over the last year, numerous things have gone wrong for the crypto industry. (Too many to list.) But one thing we've learned is that there's an incredibly high degree of interconnectedness between various firms, all borrowing and lending from each other in a way that created a tremendous amount of fragility. A key entity in all this is GBTC, the Grayscale Bitcoin Trust, which was one of the first regulated entities that allowed ordinary investors to get Bitcoin price exposure. Over time, this trust turned into a behemoth, with numerous players making massive leveraged bets on it. On this episode, we speak with Ram Ahulwalia, the CEO of Lumida Wealth, who explains how the fund works, how the trade worked for investors, and why it's ended in tears for so many players. See omnystudio.com/listener for privacy information.

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