“Economies will become more resilient to liquidity squeezes, especially from surprise events, for instance the financial volatility in Japan.  And the crypto prices falling, when other asset prices fall, is a sign of this mechanism working, not of crypto failing.”

“Economies will become more resilient to liquidity squeezes, especially from surprise events, for instance the financial volatility in Japan.  And the crypto prices falling, when other asset prices fall, is a sign of this mechanism working, not of crypto failing.”

https://marginalrevolution.com/marginalrevolution/2024/08/i-think-crypto-performed-well-in-the-monday-pseudo-crash.html