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Moody’s Analytics has identified a cryptocurrency market crash as one of the key economic shocks that could emerge over the next 12-18 months, BeInCrypto reported. While Moody’s assessed the likelihood of such a crash as relatively high, it said the damage to the broader economy would likely be comparatively limited. It did not provide a specific probability or price outlook.
Moody’s said four risks could have a larger economic impact than a crypto crash: a sharp sell-off in AI stocks, an escalation of war in Iran, turmoil in the bond market and a policy mistake by the Federal Reserve. With inflation still elevated, further tightening by the Fed could increase pressure on markets, Moody’s said, adding it expects the central bank not to raise rates this week and believes it should refrain from doing so.