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 don’t think that now cryptocurrency is such a massive occupation that it can have a big impact on the economy of one country or especially throughout the world. But, on the other hand, there are more and more people on the crypto market who come and start investing. I hope that people make their decision of entering the crypto market wisely and they don’t take loans for trading that they can’t pay off then what could be destructive for the economy.