No, Bank of England, Crypto is Not the Same as Subprime Mortgage Debt
The Breakdown
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Cripto - The Defeat of the Cryptocurrency Bubble
Conlif: Whether a major price cor tion is absorbed by the system, admittedly leaving some investors with very sore heads, or whether it is amplified into a systemic impact. It depends also on the resilience of the system at the time of the correction, the liquidity in the system under stress, and the ability of core elements of the system to absorb any losses. Cripto has undergone more severe market corrections in the last few years than most traditional market investors go through in their lifetimes. And it has just kept growing.
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