My biggest issue with the article: You cannot just compare 2008's route of one stock index with some arbitrary Crypto-Index. It's an unfair comparison.
I've did this just weeks ago myself: 2008's loss in S&P500 market-cap vs. this years loss in market-cap of the 5 leading crypto-curriencies. Which was about a third (Yes, it is just an approximation - it lacks the 2008's loss of market-cap in assets around the world, but so does it exclude ICOs and crypto-derivatives).
What makes such a comparison interesting though: The crypto-route was huge nonetheless, but it was more or less isolated. Which maybe was a good thing. If we were to believe in cyclical markets, with bubble-bursts being a recurring integral part, then maybe crypto was a "booby-trap" for spoofing speculation into it and save the rest of the financial markets this time?
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