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.
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."
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. Viernes Negro (2021)
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.
Elias watched his portfolio value evaporate. To many, "Viernes Negro" was about discounts at stores, but for investors, the "discount" felt like a trap. The fear wasn't just about a virus; it was about the unknown. Would the borders close again? Would the supply chains, already strained like a piano wire, finally snap? On his left screen, the was plummeting—it would
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.
"Everything is on sale," he mused, "if you have the stomach for it." News of a heavily mutated COVID-19 variant emerging
Outside his window, the streets of the city were actually busy. People were carrying bags from Zara and El Corte Inglés, hunting for the usual Black Friday bargains, oblivious to the billions of Euros vanishing into the digital ether. It was a strange duality—the physical world was shopping, while the financial world was shivering.