3 ms·
> 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 thi
by 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.