[mailbag]

Arguably, we've already seen multiple catastrophic crashes in cryptocurrencies.

[WhisperingShiba]

Brother, you simply don't understand. A 50% swing in a day is just volatility.

[epinephrinios]

And the market rebounded without a government bailout.

[seoaeu]

Which is pretty clear evidence that those crashes weren't "catastrophic". That doesn't provide any proof that a future crash won't be substantially worse

[epinephrinios]

Similar crashes in the TradFi space would be considered worse than "catastrophic". Media would struggle to find words to describe them.

[TrackerFF]

...and that's the dilemma. Did the market rebound because there's a organic growth of buyers, or did printing tethers out of thin air help this?

[epinephrinios]

Tether maybe used to be a huge risk for the Bitcoin price a few years back. Notice that we are only talking about the $ price here and not the tech.

The market is way more robust now, especially now that Ethereum is so huge and provides way cleaner alternatives like DAI and USDC.