[dhosek]

Their loss, big deal. Let them suffer. The problem is that when they crash they bring a lot of other stuff down along with them. The people who lost money in the 2008 crash were not the ones who suffered the aftermath.

[YetAnotherNick]

Because in 2008 ordinary everyday people invested in overvalued things like house.

[dhosek]

It went beyond that. I didn’t own a house, but my employer, facing an economic downturn, laid off about half its employees.

[YetAnotherNick]

Because house is part of economy. Crypto went from $4T market cap to $2T and no wide impact was observed. Same will be true for $4T AI market cap.