Interesting ideas to contemplate.
Size
I started thinking and reading on the size of the cryptocurrency economy when the US Senators first starting fretting over Russia using Bitcoin to avoid sanctions. The amount of money Russians ove couldn't be hid on the Bitcoin blockchain no matter how much they spent.
In addition the Bitcoin stolen from Mt. Gox was never hidden, everyone knew where it was, and when it moved.
Liquidity
Size, liquidity, exit liquidity, entrance liquidity, these things all matter. But one thing you said and I sense in the Luna disaster is that the money in the legacy financial suystem dwarfs the cryptocurrency market, and the master manipulators of the legacy trad fi system are going to have a field day raising funds and shorting the crypto market.
Are we doomed?
We may be witnessing only the beginnning.
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