Simon Lucy's Post

@ChrisMayLA6

We used to have singular bubbles. Centralised organised markets where either the asset didn't really exist (like infinite parcels of land in the Pacific), or demand overwhelmed supply or it was a plain old pyramid fraud.

Now we have thousands and perhaps even millions of tiny bubbles just waiting to pop. We've had that before, the derivatives driven black hole in 2008.

The crypto bubbles tend to only affect small groups, but if they become involved in regular FI ---> Boom.