etsuoolsjone
@etsuoolsjone
Bitcoin's volatility spills into broader markets. The 2024 collapse of JumpCrypto's leveraged positions erased $200 billion in crypto value, triggering margin calls in traditional equities. While ETFs like BlackRock's IBIT (up 78% in 2024) institutionalize Bitcoin, their use of derivatives amplifies herd behavior. Central banks now monitor Bitcoin as a "contagion vector" rather than a standalone asset, complicating stress-test models.
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