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Crypto Crash Isn’t a ‘Systemic Issue,’ Evercore’s Julian Emanuel Says
Crypto Crash Isn’t a ‘Systemic Issue,’ Evercore’s Julian Emanuel Says
The steep drop in cryptocurrencies and the recent implosion of a $19 billion stablecoin aren’t enough to label the sector a threat to broader markets, said Evercore ISI strategist Julian Emanuel.
By:
BLOOMBERG Updated on: May 24 2022, 16:03 IST
The collapse of the TerraUSD stablecoin earlier this month spurred a debate about whether blowups of crypto experiments could pose a risk to the wider financial system. (Bloomberg)