Crypto Markets Are Suffering – But Is It Really ‘Contagion’?

But here’s something different between the 2006 credit contagion and the 2022 FTX-induced crypto credit (which is what lenders do, they extend credit) contagion. The 2006 credit contagion led to a global financial crisis which was probably the most serious financial crisis since the Great Depression. Crypto is simply not big enough to have a serious impact on the broader economy.

Don’t believe me? Here are some proof points…

Source: Crypto Markets Are Suffering – But Is It Really ‘Contagion’?