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by YetAnotherNick 23 days ago
Because in 2008 ordinary everyday people invested in overvalued things like house.
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It went beyond that. I didn’t own a house, but my employer, facing an economic downturn, laid off about half its employees.
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.