“If authorities do not act preemptively, cryptocurrencies could become more interconnected with the main financial system and become a threat to financial stability.”
This is not like the dotcom crash – though it’s even more brutal.
It’s not a pretty sight.
Are they causing the rout by trying to get large sums out of an illiquid market?
Regulators remain soundly asleep.
11 days after I lambasted the outfit. Billions went up in smoke already.
I’m just kidding, but others are not, and people are falling for it.
This can happen only during the very late stage of a bubble.
The piquant irony: This was recorded on Wednesday, before the stupendous crypto-crash on Friday when some of the things we’d discussed two days earlier actually occurred.
You’ll get whiplash just from watching.