Is the tide going out on crypto?
The value of Bitcoin and other virtual currencies has plummeted in recent months
In The News · [email protected]
July 11, 202220m 43s
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Show Notes
The prices of cryptocurrencies have plummeted this year. Bitcoin, the most popular one, has lost over 70 per cent of its value in the last six months and crypto companies are letting staff go, with Coinbase firing nearly a fifth of its employees in June alone. Crypto is no stranger to boom and bust cycles, but investors are now turning their backs on the notoriously volatile assets in their droves, amid market jitters over the cost of living crisis, interest rate hikes and the war in Ukraine. So, is the tide going out on crypto forever? Conor Pope talks to Professor of Finance at Trinity College Dublin Brian Lucey.
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