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Dan McArdle, cofounder of Messari and the creator of OnChainFX, discusses why tether lost its dollar peg, how the Gemini USD traded at above $1, and how this was similar to the time before Mt. Gox imploded. We also discuss the significance of the Fidelity news, plus McArdle’s thesis on how Bitcoin would behave in a recession — which isn’t the conventional wisdom.

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Episode links:

Dan McArdle:



Tether falls in price:

Gemini trades as high as $1.09:

Bitfinex’s banking situation:

Unchained episode in which I answer listener questions:

Fidelity’s news:

Dan’s thoughts on how Bitcoin could behave in a recession:



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