Is Crypto 'Too Big to Fail'? The Truth
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Is crypto facing an existential threat? We all know things could get worse for the crypto market, but just how much worse? Could all crypto lose all of its value?
Sure, crypto is a big and ever-expanding industry, made up of numerous coins, mining companies, and exchanges. But is it big enough? Is crypto… too big to fail?
There are over twenty thousand different tokens. And according to coinopsy.com at least 2,400 of those are already dead. But it wasn’t the death of those coins that caused the two major crashes of the last five years.
Crypto’s healthy enough where the extinction of a few smaller coins has no real impact on industry as a whole. So the issue at hand, when it comes to the concept of “too big to fail,” is really the big daddy of them all… Bitcoin.
If bitcoin goes down, like all the way down, it would take the whole industry with it, which means that within the world of crypto… yeah, bitcoin is too big to fail.
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