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Now there is a way for contagion from a bitcoin price collapse to flow into the rest of the markets

Everyone is assuming that bitcoin is largely disconnected from other financial markets so there will be little contagion if there is a crash. But Goldman Sachs and others are planning to clear bitcoin futures, which will allow people to trade derivatives and short bitcoin. Some companies have decided to stop accepting bitcoin as payment. The adjacent ICO market is heavily connected to bitcoin.
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