It depends on your frame of reference.

… before, the clues are subtle and the warning signs only obvious with the benefit of hindsight, but cryptocurrencies could potentially cause the next financial crisis, maybe not today, maybe not tomorrow, but someday, and for the rest of its life.

The Next Crisis will Come from Cryptocurrencies

1.1K

Patrick Tan

Tron Black

Jul 13, 2021

It depends on your frame of reference. You might say that calculators caused a slide-rule manufacturer crisis. The internet caused a newspaper and print magazine crisis. Netflix caused a video rental store crisis. You might find that measuring dollar-returns in a non-printable asset changes your perspective about where (and why) a "bubble" is originating.