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Why the $2 trillion crypto market crash won’t kill the economy

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Francesco Carta Fotografo | Moment | Getty Images

Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of months — and wiping out the life savings of retail traders who bet big on crypto projects billed as safe investments.

The sudden drop in wealth has stoked fears that the crypto crash might help trigger a broader recession.

The crypto market’s sub $1 trillion market cap (which is less than half that of Apple‘s) is tiny compared to the country’s $21 trillion GDP or $43 trillion housing…



Source cnbc.com

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