Michael Saylor Calls 20x to 125x Leverage "Poison" for Crypto Markets
In a November 21, 2020 interview with Wave Digital Assets, Strategy founder Michael Saylor criticized the widespread use of high leverage on crypto exchanges.
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Terms & Concepts
Leverage: Borrowed capital that lets traders increase position size, amplifying both potential gains and losses.
Crypto exchange: A trading platform where users buy, sell, and in some cases trade digital assets with borrowed funds.
125x leverage: An extremely high-risk trading ratio that allows a trader to control 125 times their initial capital.