Wednesday, March 3, 2021

If BTC were to crash 80% and and enter a 4 year bear market is my £120k GBP safe in Nexo.io?

I know bitcoin has crashed by this amount in the past and it has entered multi year bear markets before. If this event were to occur would it cause Nexo.io to go bankrupt and all depositors would lose their money as there are no £85k government protections in place.

I am 99% certain BTC will crash at least 60% in the not to distant future and I hope Nexo.io has a large buffer of funds to cover any such eventuality.


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