The article draws parallels with the sub-prime mortgage market but it's potentially much worse than that with crypto. It's more like the gold tied currency mark

The article draws parallels with the sub-prime mortgage market but it's potentially much worse than that with crypto. It's more like the gold tied currency market of the 1930s. Bitcoin acts as digital gold and sometimes as a currency (See https://benoitessiambre.com/specter.html https://benoitessiambre.com/specter.html). Apparently the labor market is starting to be affected: https://twitter.com/mattyglesias/status/1448610691854839815 https://twitter.com/mattyglesias/status/1448610691854839815 I'm surprised that Stripe is jumping on the crypto bandwagon as this is one of the biggest risk to their mission of "growing GDP".