Crypto Explained, In Plain English
Crypto Explained, In Plain English
If all the news lately about cryptocurrencies–and the fall of Sam Bankman-Fried and his FTX exchange–have left you wishing you had a better handle on the maddeningly complex world of crypto, we’re with you. So we asked Bloomberg Opinion columnist Matt Levine to join Wes this episode to answer: What exactly is crypto, both in theory and reality? (In case you missed it, Matt wrote a cover-to-cover story for Bloomberg Businessweek on the subject. So he seemed like a good person to ask.) Matt explains how crypto works and what gives it value. He looks at why once-soaring cryptocurrencies have now plummeted into an extended “crypto winter.” And he assesses the FTX fallout — and what it means for the fate of crypto when billions of dollars of customer money go missing. Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.
Jan 04, 2023