A macroeconomic shock will cause a collapse in the private credit market, leading to a harder economic downturn than expected, and causing investors to flee risk assets, severely impacting crypto, especially altcoins.
"If a macroeconomic shock does come it will likely be the straw that breaks the zombies backs but unlike companies with publicly traded debt and credit ratings nobody will see the collapse coming until they're too late to be saved as such private credit could be the house of cards that you only see when it causes the bottom to fall out of the economy much harder than anyone expected now if private credit does indeed turn into rocket fuel for a recession investors will flee from risk assets and crypto will likely be hit hard altcoins might be wrecked beyond recognition"
