Credit Suisse and Deutsche Bank are at the brink of a collapse that would 3x the size of 2008. This will affect crypto too.

I think many here have already heard about Credit Suisse being at the brink of collapse due to rising debt and other management issues. Also the Deutsche Bank, the biggest bank of Germany, is facing the same issue. Both banks handle a combined $2T in assets, that's 3x of what Lehmann Banks was handling during its collapse that caused the 2008 crisis in its domino effect.

The domino effect, also called contagion, will be about the same or even worse here. As it could lead to a mass deleveraging event where margin calls across the board would happen. Even if the government bails out one of them, the pending crisis will just remain a ticking time bomb.

Now many may have said "nothing will happen its just FUD, they are too big to just fall." That's about the same that was said during the Lehmann Brothers collapse to remind you.

For crypto such a collapse would mark the most brutal situation in its history (apart from Covid black swan). As stock markets would be in a free fall and we could only hope that Bitcoin decoupled from the stock market there which we can't say yet.

The possibility of the very crisis happening that caused Satoshi Nakamoto to make Bitcoin in the first place in 2009 is indeed not small to ignore.