So when is the crypto crash going to come?

LastApacheInjun

https://www.boards.ie/discussion/comment/123866264#Comment_123866264

I work in a public service organisation where it gets busier when there are financial issues in the economy.

LastApacheInjun

https://www.boards.ie/discussion/comment/123865256#Comment_123865256

it relates to the fact that I can see that companies are taking on much larger risks - post recession. It’s not surprising, economies are cyclical. They over correct in down times, and as time goes on they forget. The traders working in Davys or Goodbodys were babies in 2008. It’s history to them.

My guess is that the next crash will be related to crypto (perhaps with some down effects from AI, as an above poster mentioned). Only because it’s the most obvious candidate- this cycle’s tulip bulb/penny stock/junk bond/mortgage backed security. We might have got another 5/10 years out of the upturn but Trump’s relaxing of regulation around crypto is likely to accelerate and exacerbate the crypto crash when it does fall.

silliussoddius

As others have mentioned, crypto hasn’t been widely adopted into the mainstream enough to cause a crash but more for a lot if amateur retail speculators to get burned.

With AI, major companies are spending crazy money on chips and data centers Open AI have promised to spend money they can’t possibly get. Big companies like NVIDIA and Oracle would be severely impacted from a crash.

https://www.wheresyoured.at/openai-onetrillion/

scottser

Crypto is necessary to facilitate transactions for illegal goods and services, to evade scrutiny and avoid tax. Crypto may change form over time but it won't be going anywhere soon, though it's investment potential for most people is pretty limited now.

LastApacheInjun

https://www.boards.ie/discussion/comment/123874100#Comment_123874100

Well this is the thing. It does have a use right now, even if it is a nefarious one. Problem is, if there is a significant drop in value as a result of a crash, whatever criminal who hasn't "cashed out" of their crypto is going to find that their nest egg is virtually wiped out. Even if crypto is much easier to hide than diamonds or cash or gold, would they continue to trade in crypto again post-crash? I'd say anyone who was left holding the baby might be very reluctant to use it again and may go back to using diamonds/cash/gold.

Marcusm

The real answer is when a lot of the crypto bros have to liquidate assets to cover losses on margin-acquired AI bubble stocks, including some very valuable and lasting companies but who stock prices are out of all tough with reality.

reactadabtc

2018, 2022, 2026, 2030, 2034, 2038, 2042. One nation!