In the runup to the 2008 crisis, a commonly heard mantra was "yeah, subprime lending is fucked up, but it's a small fraction of the economy, it can't cause that much damage". Turned out that it could, via the CDO shenanigans.
I would not at all be surprised if someone has already cooked up a similar leveraged dependency from the "real economy" to crypto markets.
In the runup to the 2008 crisis, a commonly heard mantra was "yeah, subprime lending is fucked up, but it's a small fraction of the economy, it can't cause that much damage". Turned out that it could, via the CDO shenanigans.
I would not at all be surprised if someone has already cooked up a similar leveraged dependency from the "real economy" to crypto markets.