In every market cycle, there’s a moment when investors start to believe that this time is different, that the guardrails are taller, that the road is smoother. But after the Oct. 10 flash crash, a different kind of takeaway is emerging: Bitcoin bent, but it did not break when many cryptocurrencies did.The largest U.S. spot Bitcoin exchange-traded fund (ETF) now sits near $93 billion of net assets, making Bitcoin exposure a mainstream, rules-based allocation for pensions, advisors, institutional investors, and ordinary brokerage accounts. If durable demand for the asset is flowing through new avenues, it’s a lot harder to produce the kind of price vacuum that typified earlier busts. Do you think that bitcoin will crash again ?

