I am also intrigued by this question. I think no doubt there would be an initial sell down but I don't think there would be that much damage that the market wouldn't recover in a number of months. My belief is that cryptocurrency has always been extremely volatile and a crash in the stock market relative to 'crashes' we have seen in crypto on a percentage basis is quite small. If we have people that are still keen investors after seeing an 80% decline since the peak of the market I think we are in good shape.

In addition we are still primarily a retail investor market with very little institutional penetration in the market. In theory this would mean that the balancing act that institutions undertake among asset classes shouldn't have a huge effect on the cryptocurrency market.