Looking at the past financial crises that happened, they all seem to have a few things in common, such as the mass adoption of a new financial product or technology (e.g. mortgage backed securities in 2008, dotcom boom in 2000). Given the extent to which institutions (and some influential figures) have been manipulating crypto recently, do you guys think this narrative is likely?
I'm afraid not mate because first Manipulator will only make them slightly profiting because they are also afraid of losing their value when financial crisis happen and there is a possibilities that government will interfere and may lead to confiscation of their wealth.
and also in our time now where the government of aware of many possibilities ? they will hinder this to happen specially the biggest countries in the world.
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.
exactly , 1.5 trillion in totality of capitalization what this will effect to quadtrillion funds around the world?
this is just a peanut to consider will lead to economic financial crisis.