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Yet. Crashes are not instantaneous. Crypto alone is easily a dot com sized scandal. Cheap cash has led to a lot of dysfunctional and gigantic industries, eg

• jpgvm 4y ago
  The entire crypto market is a drop in the bucket. It could all go to zero tomorrow and not have any significant impact on anything (except maybe risk sentiment for a short period). The cheap cash situation on the other hand is the elephant in the room. Unprofitable companies are about to be under immense pressure. I don't know if there is going to be much of a bang rather than a very long deep slide for equities (especially tech) as indices undergo P/E compression. When we start seeing 12 P/E then maybe things will turn around.
  • randomsearch 4y ago
    > The entire crypto market is a drop in the bucket. It could all go to zero tomorrow and not have any significant impact on anything. That's what I used to think, until I began to see how connected it was to other parts of the economy. Once financial institutions get involved, you just don't know how connected that system is anymore.
    • imtringued 4y ago
      Sorry but crypto is anti medium of exchange. The real economy doesn't give a damn about bitcoin.
    • jpgvm 4y ago
      No matter how connected it is a $1T total market cap (at it's peak) is just not large enough to matter. If it goes to zero it goes to zero, no large financial institutions will shed a tear other than for whatever fat fees they were making selling crypto derivatives to their whale clients.