Welcome to the casino economy

unherd.com/2025/10/welcome-to-the-casino-economy

This month’s crypto liquidation event, the largest in history, was like turning on the lights in a roach-infested apartment. A flash $17,000 drawdown in the price of Bitcoin and a 10% to 20% drop across major cryptocurrencies produced cascading liquidations throughout the market,…

This story appeared on unherd.com, 2025-10-21 23:00:08.
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