Main content

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’s β€˜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 β€œstablecoin”, 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

Available now

29 minutes

Last on

Thu 19 May 2022 20:00
ΒιΆΉΤΌΕΔ Radio 4

More episodes

Previous

What impact will the Northern Ireland election have?

Next

What's happening in Afghanistan?

See all episodes from The Briefing Room

  • Non-Fungible Tokens

    What are NFTs? How do you buy and sell them? And how do they help British art and artists?

  • GameStop Shock

    Chaos on the US markets last week as GameStop’s price rocketed - but what really happened?

  • The Ransomware Threat

    What is ransomware and why is it a growing threat?

Broadcast

  • Thu 19 May 2022 20:00
    ΒιΆΉΤΌΕΔ Radio 4

Podcast

  • The Briefing Room

    David Aaronovitch presents in-depth explainers on big issues in the news.