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Crypto Credit Isn’t Dead

The Breakdown

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The European Credit Crisis of 1772 to 1773

European credit crisis of 17 72 to 17 73 is one of the lesser known crises of the eighteenth century. A massive firm blows up with a series of leverage trades, causing losses to its creditors. The main partners at the firm flee the country. Panic follows, kicking off a liquidity crisis and a wave of bank runs. Major lending institutions go bankrupt and credit contracts rapidly. Sounds like the crypto market in 20 22? It also describes the europeancredit crisis of 1772 to 17 73.

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