As the sun set on that Friday, the markets closed with deep scars. It was a stark reminder of how fragile the "new normal" really was. Elias poured himself a glass of wine, the red liquid matching the candles on his screen.
Elias sat in his home office in Madrid, the blue light of three monitors reflecting in his tired eyes. At 8:00 AM, the screen was a sea of crimson. The news tickers were screaming a new name that the world hadn't heard yet: . Viernes Negro (2021)
On his left screen, the was plummeting—it would eventually close down nearly 5%, its worst day in over a year. On his center screen, Bitcoin—the digital gold that was supposed to be a hedge against chaos—was proving to be anything but. It had shed thousands of dollars in hours, dragging the entire crypto market down with it. As the sun set on that Friday, the
News of a heavily mutated COVID-19 variant emerging from South Africa had hit the wires overnight. For a world trying to crawl out of the shadow of 2020, it was the ultimate "ghost of Christmas past." Elias sat in his home office in Madrid,
The date was November 26, 2021. In the world of high finance and cryptocurrency, it wouldn’t be remembered for door-buster deals on televisions, but for a different kind of "Black Friday"—a market bloodbath that sent shockwaves through global exchanges.
By midday, the panic was tactile. Travel stocks like IAG and Amadeus were being sold off as if planes would never fly again. Oil prices were cratering, seeing their biggest one-day drop since the start of the pandemic.