No, Bank of England, Crypto is Not the Same as Subprime Mortgage Debt
The Breakdown
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Cryptocurrency Can Just Go to Zero?
There is a high likelihood of future 50 % corrections. And, yes, leverage lead blow outs that lead to ten to 20 % moves in a very short period of time. Those could have big consequences in market structures where institutions are bought in. But the notion that crypto can just go to zero is, at this point preposterous.
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