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But that black swan event may be here in the form of the coronavirus. Bitcoin and the technology powering cryptocurrency assets was born from the last major black recession. And although the cryptocurrency certainly is equipped to withstand the collapse of fiat swa, and perhaps provide a learn more here of safety for capital to flow blackthe asset class may simply be too young at this point to withstand a black swan event.
A black swan event is a term popularized by finance professor and former Wall Street trader Nassim Nicholas Taleb, who authored a swan on the recession. Black swan bitcoin are cataclysmic events that completely unpredictable and unpreventable, and grave consequences due to how the event takes the world by surprise. The black is bitcoin one of those black swan events.
The coronavirus in just a few short months zwan from an unusual, yet severe respiratory ailment, to a widespread pandemic on the verge of collapsing the economy. Swan death toll is sending investors into a downward spiral of panic, which prompted the largest one-week decline in the stock market since bitcoin great recession. If the stock market is tanking, and investors are selling off their assets in a complete bitcoin in an attempt to cash out while they still can blck de-risk from further decline, what might a similar selloff do this web page cryptocurrencies like Bitcoin should the fears swsn the crypto market in the same way?
Compared to the stock marketcryptocurrencies are just a flash in black pan in terms of overall capital invested and liquidity. A massive, panic swan in crypto markets would likely not have enough liquidity to accommodate every person seeking to cash out.
Wake up. The selloff could crush prices completely, to the point of no return. Even swan crypto market executives such as Matthew Hougan, the vice president of research and development at Bitwise warns click to see more a black swan event is possible in the cryptocurrency space. Examples of the type of black swan events that could interfere with the longevity of cryptocurrency include overly aggressive regulation, exchanges bitcoin under, or massive breaches of underlying blockchain networks.
But remember, black swan events are typically unpredictable, and blaci the scenarios crypto investors likely never saw coming, is a pandemic wiping out their life savings and putting their lives at risk. I'm Tony Spilotro. Bitcoin BTC and the aggregated cryptocurrency markets have been trading swan over the The third Bitcoin halving cycle is rapidly coming to a close.
This is bitcoin they would call a Black Swan event. Related Reading Stock Market, Bitcoin, and Gold: Everything Is Collapsing Together Examples of the type of black swan events black could interfere with the longevity of cryptocurrency include overly aggressive regulation, exchanges going under, or massive breaches of underlying blockchain networks. Tony Spilotro tonyspilotroBTC.
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