Yes, I really hope that small/mid range enterprises haven't overstepped and put too much in this market. Hopefully the once who chose to enter have good debt coverage. While I love what's happening, it's hard to refute that it is terrifying.

However, while a crypto crash would hurt lots of retail investors, it might have a positive effect on other equities/securities as money flows out looking for a new home to make a decent return. Considering the people who just had money in crypto, put their money into an insanely speculative asset, wanting 100% returns YoY, it's possible that this risk tolerance could carry over to the stock market, as investors look to high dividend yielding companies/ smaller tech plays to realize the greedy gains they've become accustomed to, thanks to crypto.

Good write up, man!