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Originally Posted by pxpx
That's scary, and interesting, and confusing - but the question I have is, what happens after that?
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Many exchanges will go bust. Prices will obviously tank. Companies with large exposure to BTC (like Grayscale and Microstrategy) will be ruined. Hopefully the crypto cancer doesn't impact the wider economy too much (Tesla investment is ominous). In the long term we'll see much less price fluctuation when the prime mover is removed - which could actually be a positive thing, depending on your opinion about the fundamental value proposition of cryptos.