Is the crypto bubble bursting?
Last week more than $200 billion was wiped off the value of cryptocurrencies. One currency lost 98% of its value. Crypto is notoriously volatile, but is the market in trouble?
Last week cryptocurrency suffered it鈥檚 鈥榖lack Wednesday鈥� moment. Investors raced to withdraw their funds and more than $200billion was wiped off the cryptocurrency market. One currency lost 98% of its value.
Ironically it was a so-called 鈥渟tablecoin鈥�, whose value is meant to be pegged to currencies like the dollar, that collapsed.
Was this a solitary - but very costly - blip or is the crypto bubble in danger of bursting?
Joining David in the briefing room are:
Gavin Brown, Associate Professor in Financial Technology at The University of Liverpool
Jemima Kelly, columnist at the Financial Times
Dominic Frisby, MoneyWeek columnist and author of Bitcoin: The Future of Money?
David Shrier, Professor of Practice, AI & Innovation with Imperial College Business School
Stephen Diehl, a software engineer and crypto writer.
Producer: Ben Carter
Editor: Richard Vadon
Studio manager: Neil Churchill
Production co-ordinators: Siobhan Reed & Sophie Hill
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Podcast
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The Briefing Room
David Aaronovitch presents in-depth explainers on big issues in the news.
