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Luckily we were still at the beginning of banks lending REAL money using Crypto as collateral. So you won't see much effect in the real economy. There is absu
by onlyrealcuzzo 5y ago
Luckily we were still at the beginning of banks lending REAL money using Crypto as collateral.
So you won't see much effect in the real economy.
There is absurd amounts of Crypto lending that's probably causing a lot of margin calls forcing a negative feedback loop in Crypto prices.
Everytime this happened before - the Central Bank of Tether came to the rescue and printed 10% of the entire Crypto market cap in ~2 days to pump up the market ~30%.
Time will tell if they have the balls to do this now - when they're already under investigation in many jurisdictions.