Cryptocurrency will not cause a financial crisis. The proportion of people holding cryptocurrency in the world is very small, and the market value of cryptocurrency is not enough to pose a great threat to the financial system. The financial crisis is caused by the unlimited printing and distribution of money by institutions to cause inflation. Bitcoin is not controlled and restricted by the government, and the total amount is fixed, and it will not be issued.
Yeah, it's the opposite actually.
People from the traditional market and investments, they can be in the crypto market and manipulate it just as what we've been seeing with these popular people in the world of investing.
I guess we've already passed on the said crisis and that was when the pandemic started last year.