> I'm glad you acknowledge that Bitcoin is vulnerable to having its value cut in... | Hacker News

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		latchkey on Feb 24, 2023 \| parent \| context \| favorite \| on: The Investors Who Still Think Crypto Can Make Them... > I'm glad you acknowledge that Bitcoin is vulnerable to having its value cut in half by the collapse of a single company. It wasn't a single company. It was a chain of events over many months and huge amount of contagion.

komali2 on Feb 24, 2023 [–]

What does this mean? It was still a single company, yes?

latchkey on Feb 24, 2023 | [–]

> It was still a single company, yes?

No. That's like saying Madoff was the only one in 2008.

https://jumpcrypto.com/the-depegging-of-ust/

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