What people are entirely missing here is the massive economic indicators flashing that are preempting this crypto stuff. The US dollar is about to be devalued and take with it, the entire global economy. We're heading into a serious depression, not just a little 2008 recession here. $9-10 gal of gas by October and double of all goods and food prices likely by Sept-October time frame. The outlook is growing very bleak.
In and of itself, yes. But there's a real risk (far from a certainty, but a real risk) that it will cause some kind of crisis of confidence in the markets more broadly that could result in a much more catastrophic crash.