Latest -40% drawdown in Cryptocurrencies is the third in 4yrs, but this time, it occurred in a $2trn

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Latest -40% drawdown in Cryptocurrencies is the third in 4yrs, but this time, it occurred in a $2trn asset class. Cross-asset consequences have been mild, JPM says. As a share of GDP, Cryptocurrencies were larger than sub-prime before the GFC but much smaller than dot-com bubble. h/t Holger Zschaepitz

Latest -40% drawdown in Cryptocurrencies is the third in 4yrs, but this time, it occurred in a $2trn

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