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I disagree. There is a section of the article titled "Where is all this cash coming from?" which claims (via a Reddit thread) that it's individuals buying on cr

• kruhft 9y ago
  Or older people getting into the crypto game because they're hearing their stock advisers tooting their horns. Some of them have boatloads of assets and will trade a small percentage just to get in the crypto game. No credit required. My friend I helped buy in isn't disappointed. He doesn't fully get what cryptos are yet (although I explain them every time I talk to him), but he sure likes the returns...so far. Edit: filly -> fully
  • michaelchisari 9y ago
    He doesn't filly get what cryptos are yet That's when you know we're at a dangerous moment in time.
• kristopolous 9y ago
  It was because debt-based speculative investing is one of the easiest and most common ways these types of risk are spread. There's lots of other sources of investment, but the debt-based ones are most concerning with respect to the analysis. The other dangers are municipal general fund and endowment based investments. Local municipalities in countries like Greece and Italy got caught up in the 2008 real estate crash and then all of a sudden, things like street sweeping and garbage pickup stopped. Speculative bubbles cast wide nets.