Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 Overnight . Even if it were to crash to a low price it would take many months, maybe years. When a companys stocks tumble because of liquidation it takes months, years too until its delisted.
If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
How? How could it drop to 1 dollar overnight? What is the economical possibilities of something of that magnitude could happen? I mean that is about 100 billion dollars all gone overnight in one day. It is not only impossible for our sake but also technically impossible.
There are so many buy orders that needs to be filled until that moment that there are not enough bitcoins in the market that could be sold. The amount of bitcoins that is hold by people all combined could be sold, everyone who has every single satoshi can sell their bitcoins and the price still wouldn't hit that, people who buy needs to resell in order to achieve such a thing and that can't happen overnight.
Thankfully there are people who believe in bitcoin as a project and not just as an investment so rest assured we will be safe.