Estimates are that the real size of the crypto market is more in the range of $10 trillionhttps://t.co/ID8ISaznii https://t.co/WhaQNXjCh8
— Guillermo Ruiz Zapatero (@ruiz_zapatero) June 23, 2022
Estimates are that the real size of the crypto market is more in the range of $10 trillion. Anyone who thinks that a market of that size can implode without “significant macro-economic implications” is likely not an economist. (Unfortunately, Jerome Powell, the head of the monetary policy setting institution in the United States has a law degree, not an economics degree. And not to put too fine a point on it, but Powell was dead wrong on inflation being transitory and we’re all paying a steep price for that botched forecast.)
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