Assetless Risk: Bitcoin’s Friday Night Flash Crash Only A Glimpse
powerandmarkets.substack.com
Crypto experienced another flash crash late Friday night. Hundreds of billions in paper wealth evaporated nearly instantly. A sea of red down ticks across the board spared few digital currencies. It’s a sobering reminder that Bitcoin and the greater crypto market aren’t simply risk assets, but I would argue they are assetless risks.
Assetless Risk: Bitcoin’s Friday Night Flash Crash Only A Glimpse
Assetless Risk: Bitcoin’s Friday Night Flash…
Assetless Risk: Bitcoin’s Friday Night Flash Crash Only A Glimpse
Crypto experienced another flash crash late Friday night. Hundreds of billions in paper wealth evaporated nearly instantly. A sea of red down ticks across the board spared few digital currencies. It’s a sobering reminder that Bitcoin and the greater crypto market aren’t simply risk assets, but I would argue they are assetless risks.