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RE: Our Thoughts on Luna Foundation Guard (LFG) Buying BTC and AVAX to Back UST

in LeoFinance3 years ago

Crypto Twitter has gone nuts and divided into two groups - one praising this move and others hating on it. Like Microstrategy, Luna Foundation Guard is continuously buying dip. Not sure how it will help their algorithmic stablecoin UST.

Obviously it's nice to have lots of Bitcoins. Leo Foundation Guard when? 🙈

#LFG

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Yeah it's kind of interesting to see the tribalism run rampant. I almost think that LFG bought some AVAX just to shut up the non-BTC-maxis so they could say they also held an altcoin lol

Regardless, we're on the same page: like MSTR, they're buying up massive quantities of BTC. To me, that's just a + for the entire marketplace.

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