• mgnome@piefed.social
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    21 hours ago

    As it was seen in previous crisises (dot-com bubble being the perfect somewhat recent example) - after hype hits its peak - reality of diminishing returns kicks in, and and then it’s up to human nature to start panic, and that will just wreck valuation of companies along the board.

    Economy ain’t gonna cease existing, but it will absolutely hurt, when massive amounts of money will just instantly vaporize.