Subject: Re: How Systemic is Grifto?
Because if it's systemic it very much relates to Berkshire. Honestly, and I don't mean this to be flippant, that's not difficult too grasp. With our president offering meme coins it begs the question what will happen if there's a crash.

Declines in assets aren't systemically important. Declines in assets paired with leverage is systemically important. That's why there was a financial crisis when highly-levered firms experienced declines in the assets they held, but there wasn't a financial crisis when the Nasdaq dropped by more than 50%.

Unless there's some association between crypto and leveraged, systemically-important entities, I don't think there's any reason to care if most crypto goes belly up.