Is the world currently brewing another 2008 crisis?

In early 2008, before the financial crisis erupted, the first phase saw precious metals represented by gold and silver surge 30%, the second phase saw base metals like aluminum, copper, and nickel rise 40%, the third phase saw energy including crude oil and natural gas rise 50%, and the fourth phase saw core agricultural products like soybeans, corn, and wheat surge 100%;

Then by July 2008, marked by Lehman Brothers' bankruptcy, liquidity dried up, and commodities collapsed across the board, falling in this sequence: crude oil → industrial metals → agricultural products → gold (brief safe-haven demand followed by further decline).

U.S. stocks fell over 40% in half a year. There was no crypto market back then, but of course we know it was precisely this crisis that catalyzed the birth of Bitcoin!

Comparing to history, the current situation seems to be repeating the same script. Perhaps all it takes is a black swan event similar to Lehman's bankruptcy to trigger a massive global market crash. When that happens, the crypto space will face a true existential crisis—but also a genuine golden opportunity!