In my opinion nobody is too big to fail.
That's the essence of the market principle. A company that doesn't add value to society and isn't able to seize a part of this value, goes bankrupt.
Hmm, depends on the viewpoint.
The trade volume of Binance in relation to the crypto market
vs.
The trade volume of Deutsche Brothers in relation to the Fiat or EUR market
I don't know which relation is higher. But nobody in the government considers the crypto market important enough to be rescued ;-)
;-)
But Binance won't get a bailout, if they screw up / go bankrupt.
Binance isnt too big to fail.
In my opinion nobody is too big to fail.
That's the essence of the market principle. A company that doesn't add value to society and isn't able to seize a part of this value, goes bankrupt.
Ja. Ich nutze den Satz eher als Witz :D
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Hmm, depends on the viewpoint.
The trade volume of Binance in relation to the crypto market
vs.
The trade volume of Deutsche Brothers in relation to the Fiat or EUR market
I don't know which relation is higher. But nobody in the government considers the crypto market important enough to be rescued ;-)