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Yes, fair point. I only wonder how highly leveraged crypto is w/r/t the “outside world”. The bubble popping would certainly devastate a lot of people I know who
by sebmellen 5y ago
Yes, fair point. I only wonder how highly leveraged crypto is w/r/t the “outside world”. The bubble popping would certainly devastate a lot of people I know who are highly invested in crypto. Whether the unraveling comes from loans or other non-existent collateral (see USDT or even USDC), the effects would be significant.
For example: https://www.imf.org/-/media/Files/Publications/GFSR/2021/October/English/ch2.ashx https://www.imf.org/-/media/Files/Publications/GFSR/2021/Oct....