This is something that everyone wants to know. Why is crypto taking such a massive dump?
In this video I discuss the idea in an effort to create a framework for people to oeprate from. This is taking place in the context of something larger than just the crypto markets. In fact, it is tied to the entire risk on/risk off trade. With the economic outlook starting to turn gloomy, markets are getting a bit jittery, at least in the short-term. There appears to me to be little disconnect between crypto and the risk off move in equities. We can even refine it to isolate the tech stocks, which are deemed of greater risk as compared to the consumer staples.
For this reason, we do not have the idea of a flight to safety being cryptocurrency. It is still a speculative asset class.
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