This is an unpredictable and rare event that can cause heavy economic damageđź’Ł
Think Covid 19 or the 2008 financial crisis or the more recent invasion of Ukraine…
For a long time it was thought the Black Swans didn’t exist, hence the term was used to describe something that comes as a surprise. It was later, popularized by Nassim Nicholas Taleb, a writer, finance professor, and former Wall Street trader
đź’»In the context of cryptocurrency, a black swan event could be a sudden regulatory change, a major hack, or a technological failure.
📉These events can cause significant price volatility and can lead to substantial losses for stakeholders.
However, they may also present situations that those who are prepared and able to adapt quickly can navigate.
Despite their unpredictability, understanding black swan events can help individuals and organizations better prepare for potential market disruptions.
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