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Michael Burry warns the Mother of All Crashes is coming
I think Leverage in crypto overall is fine. It's just that retail idiots who don't utilize it properly.
On Binance Futures, I can literally just put my Daily Stop into my account and use leverage to trade my desired position size. I cannot lose anything more than my daily stop if it turns to crap.
On the smaller more volatile alt coins. You can only use so much leverage because there are "Max Sizes" allowed at 100x,50x,20x etc. They're usually reasonable, so it's not all predatory.
IMO, It's actually one of cryptos strengths. I love the fact I can have a controlled amount of risk in my account and can still trade the same size I'm accustomed too...
While traditional futures can have high margin requirements that need you to hold more than your daily stop to trade contracts.
It's really a lack of education/awareness with the retailers that is an issue. It can be an effective tool for professional traders.
