Cryptocurrencies will be the cause of the next financial crisis

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“… Citing previous crises in recent financial history, like the Dot Com Bubble, Heath told David Lin, anchor for Kitco News, that new technologies usually lead financial downturns….”

Volatility Incoming: Bitcoins On Derivatives Exchanges At Its Highest Since May 19

Bitcoins on derivatives exchanges are at their highest level since May 19, signaling a volatile weekend ahead.

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Historically, derivatives exchanges like Binance Futures, BitFinex, and BitMEX are able to create massive price movements (a single entity or group of entities can create huge swings using a relatively low number of coins) thanks to the provision of massive amounts of leverage. These exchanges allow margin trading of even over 100X leverage.

cryptopotato.com/bitcoin-and-crypto-margin-trading-exchanges-and-guide-for-beginners/

The same whom orchestrated the 2007 derivatives crisis, are about to tank the Bitcoin Ponzi scheme, starting a chain reaction, as the toxic derivatives mixed with those phony cryptos become worthless, many will be left behind holding these junk derivatives, then will probably go bankrupt world wide, spreading a wave of panic all over the financial markets.

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AC

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