Mark Gongloff, Columnist

Crypto Is the New Dot-Com Bust. Could It Also Be the New Crisis?

Whatever the outcome of this meltdown, the need for adult supervision is clear.

May 12, 2022 at 9:10 PM UTC

Mark Gongloff is a Bloomberg Opinion editor and columnist covering climate change. He previously worked for Fortune.com, the Huffington Post and the Wall Street Journal.

Making a strong case for regulation.
Photographer: JUSTIN TALLIS/AFP/Getty Images

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As the crypto ecosystem implodes, evaporating hundreds of billions of dollars in paper wealth, a million voices are crying out in pain and terror, like such: