You can get into crypto any time you like, but can you ever leave?
Author: Lionel Laurent
The disillusionment that follows bouts of crypto euphoria is known as a crypto winter. And this one feels like the coldest yet.
In the league of weak-sauce apologies, the one from cryptocurrency exchange boss Sam Bankman-Fried stands head and shoulders above the rest.
Judging by the damage crypto pumps leave in their wake, what’s happening with dogecoin is a dispiriting sign of things to come.
Musk’s erratic, mercurial online persona is impossible to separate from his businesses, as his frazzled stockholders know first-hand.
The results of MicroStrategy’s dodgy experiment with bitcoin have been scary – all the more so because of CEO Michael Saylor’s wilful blindness to the consequences.
The hold of social media on advertisers is weakening while old-school players in the ad industry are reporting a more upbeat experience.
There aren’t many silver linings to be found in the cryptocurrency crash. One welcome casualty is the army of laser-eyed social media “influencers”.
Strip away the hype, and it looks like turtles all the way down. Crypto is not too big to fail.
It’s time for regulators to reflect on the real-world impact of the next boom-and-bust crypto cycle.