When the Bank of England was acting like Cryptos
Rumor has it that the fall of UST from the Luna foundation could have been caused by a speculative attack. This reminds us of a 30-year-old infamous attack against the Bank of England by George Soros. In the early 90s, the British Pound experienced huge volatility that could be similar to current crypto markets. The attack is still highly relevant today, as the current macroeconomic context is similar to the one in the early 90s. Understanding what happened is key for central banks and the crypto industry to prevent such events.