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…
‘Enforcement 40’ for 2020
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