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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
by 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 agoSorry but crypto is anti medium of exchange. The real economy doesn't give a damn about bitcoin.
- jpgvm 4y agoNo 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.