Is the crypto bubble bursting?
from The Briefing Room Hosted by BBC Radio 4
Last week cryptocurrency suffered it’s ‘black Wednesday’ 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 “stablecoin”, 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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