Crypto-Currencies Might Cause Another Financial Crisis Like 2008

Crypto will soon lead the charge to a worldwide financial disaster. The amount of money issued in the United States pales in contrast to the number of digital assets created every day, and the Metalla CEO believes that prior financial doomsday scenarios will soon be realized, as per Brett Heath who is the CEO of Metalla Royalty & Streaming.

According to Decrypt, Heath stated, “When you look back over the previous few decades, and you look at all of the financial crises that have occurred, they all have a handful of elements in common. One of them is the widespread adoption of a new financial product or technology that isn’t fully understood.”

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He compared the widespread acceptance of mortgage-backed securities in the United States prior to the financial crisis of 2008 to the current state of the crypto market.

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