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>Cunliffe said there was evidence that speculators were beginning to borrow money to buy crypto assets That is not a new phenomenon, and all that matters is ho
by ur-whale 5y ago
>Cunliffe said there was evidence that speculators were beginning to borrow money to buy crypto assets
That is not a new phenomenon, and all that matters is how much money is actually borrowed to onramp into crypto.
What also matters is who does that borrowing to buy crypto and if they have the shoulders to weather a 10x price down event, something which is a real possibility with crypto.
Finally, I'll note that the person crying wolf in this article is among those who stand to lose a huge chunk of their influence and power should crypto really take off in the sense of being used by the average joe to store value away from the grabby hands of governments.