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There will absolutely be contagion into the rest of the economy. A lot of funds are long crypto, they will have received margin calls so will have to liquidate
by seanhunter 5y ago
There will absolutely be contagion into the rest of the economy. A lot of funds are long crypto, they will have received margin calls so will have to liquidate other assets driving those prices down etc. It's still to be seen how much contagion there will be, but there will be some.
- redisman 5y agoTesla and micro strategy for example holds billions in crypto. If that gets more common then that would cause major contagion