Yes, I mean it would be absurd to argue that there isn’t more systemic risk in crypto markets.

The question I keep pointing at though is, why does it matter? These are not retail traders. They’re institutions that are considered experts in their field and hold no customer deposits (aside from accredited investors, who are again considered knowledgeable enough to not need government oversight to invest).

Everyone here ostensibly knows the risks and their crash won’t tank i.e. the housing market or pension funds.