2018-6-11 20:56 |
A common thought experiment in the crypto community is to ponder how cryptocurrencies would fare in the event of another global financial meltdown.
Or would the market-wide reduction in risk appetite spread wide enough that crypto assets get caught up in the selloff?
Opposing scenarios
Some crypto hodlers salivate at the idea of market panic.
But it’s less than 1 percent of the end-2017 market cap of $54.8 trillion for the S&P Global Broad Market Index, which includes most stocks from 48 countries.
Despite all of this, I do believe a global financial crisis could be an important testing moment for crypto assets.
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