This time it is a lot different. Market cap is 700B. People are taking loans to invest in shitcoins and manias can break economies. I guess this time they all know something have to be done to stop this.
I do understand your concern, but Lehman Brothers had more than $600B debt when it announced bankruptcy. Millions of people lost their jobs, economy got upside down... Governments know well such a big amount of money cause a worldwide crisis if it evaporates. Rather than banning cryptocurrencies, regulating them sounds more likely.
This time it is a lot different. Market cap is 700B. People are taking loans to invest in shitcoins and manias can break economies. I guess this time they all know something have to be done to stop this.
I do understand your concern, but Lehman Brothers had more than $600B debt when it announced bankruptcy. Millions of people lost their jobs, economy got upside down... Governments know well such a big amount of money cause a worldwide crisis if it evaporates. Rather than banning cryptocurrencies, regulating them sounds more likely.
Yes, that's what I am trying to say. Regulations also will hit the market very hard. We will see soon enough.