Bitcoin total market cap is ~$500 billion, so it's still a pretty small niche, and I think there's quite a ways to go before it becomes "too big to fail". For

Bitcoin total market cap is ~$500 billion, so it's still a pretty small niche, and I think there's quite a ways to go before it becomes "too big to fail". For comparison, the market cap of gold is ~$10 trillion. The majority of the US economy is not hooked into Bitcoin, and very few institutional investors have any significant exposure to Bitcoin. Contrast that with the '08 financial crisis that was based in real estate -- the US real estate market at the peak of the crisis was ~$23 trillion [1], with nearly every major financial institution heavily exposed. [1]: https://www.federalreserve.gov/releases/z1/dataviz/z1/balance_sheet/chart/#series:nonfinancial-assets https://www.federalreserve.gov/releases/z1/dataviz/z1/balanc...