From 91f4807a1f159c210749194cfdbc4334876b4309 Mon Sep 17 00:00:00 2001 From: EilidhRoss1 <98904290+EilidhRoss1@users.noreply.github.com> Date: Tue, 19 Jul 2022 14:38:26 +0100 Subject: [PATCH] title edit --- claims/is-systemic-risk.md | 5 +++-- 1 file changed, 3 insertions(+), 2 deletions(-) diff --git a/claims/is-systemic-risk.md b/claims/is-systemic-risk.md index ed5f404..8cd184a 100644 --- a/claims/is-systemic-risk.md +++ b/claims/is-systemic-risk.md @@ -1,4 +1,5 @@ -# Crypto assets may pose systemic risk to the larger economy +# Do crypto assets pose systemic risk to the larger economy? +**Crypto assets may pose systemic risk to the larger economy.** Crypto assets do not currently pose a [systemic risk](../concepts/systemic-risk.md) to the United States economy, but may in the future if their growth is left unchecked. Allegedly the [paper wealth](paper-wealth.md) locked up into crypto tokens is allegedly only on the order of the $1 trillion which is inconsequential next to the amount of capital allocated in both the US equities and bond markets. Crypto is still a relatively tiny asset class and a sudden crash in the market, while devastating to individual retail investors, would likely not bring amount much damage to financial institutions or markets as a whole. @@ -8,4 +9,4 @@ In the event of a sudden crash retail investors and the public who have chosen t ## References 1. Nolan, Hamilton. n.d. ‘The Ticking Bomb of Crypto Fascism’. Accessed 21 March 2022. https://inthesetimes.com/article/the-ticking-bomb-of-crypto-fascism. -1. Hanley, Brian P. 2018. ‘The False Premises and Promises of Bitcoin’. ArXiv:1312.2048 [Cs, q-Fin], July. http://arxiv.org/abs/1312.2048. \ No newline at end of file +1. Hanley, Brian P. 2018. ‘The False Premises and Promises of Bitcoin’. ArXiv:1312.2048 [Cs, q-Fin], July. http://arxiv.org/abs/1312.2048.