Terra’s Do Kwon Has a $10 Billion Bitcoin Plan. Will it Work?

Meet Do Kwon, the 30-year-old “King of the Lunatics.”

This year, a group led by Kwon wowed the crypto crowd by buying more than $1.5 billion in Bitcoin to help prop up his Terra stablecoin—with plans to purchase as much as $10 billion worth of the token. That’s made it not only one of the original cryptocurrency’s biggest whales, but also a flash point for boosters and naysayers alike.