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Because in 2008 ordinary everyday people invested in overvalued things like house.
by YetAnotherNick 5mo ago
Because in 2008 ordinary everyday people invested in overvalued things like house.
- dhosek 5mo agoIt went beyond that. I didn’t own a house, but my employer, facing an economic downturn, laid off about half its employees.
- YetAnotherNick 5mo agoBecause house is part of economy. Crypto went from $4T market cap to $2T and no wide impact was observed. Same will be true for $4T AI market cap.