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Is Bitcoin Still Heading Into an Ice Age?

Is Bitcoin Still Heading Into an Ice Age?

FromBloomberg Crypto


Is Bitcoin Still Heading Into an Ice Age?

FromBloomberg Crypto

ratings:
Length:
16 minutes
Released:
Nov 22, 2022
Format:
Podcast episode

Description

Before chaos broke out in the crypto market with the collapse of FTX, a report by digital-assets researcher CryptoCompare found that Bitcoin’s value…was still dropping. It appeared the industry wasn’t just heading into winter, but a possible “Crypto Ice Age.” 
Then the stunning downfall of crypto exchange FTX, which halted withdrawals and declared bankruptcy, and the resignation of its CEO Sam Bankman-Fried, sparked a wide-ranging market downturn with Bitcoin dropping from its previous plateau of around $20,000. 
As the digital-asset industry continues to adapt to a post-FTX reality, what will it mean for Bitcoin’s value?
Bloomberg reporters Olga Kharif and Vildana Hajric join this episode to discuss.
Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter See omnystudio.com/listener for privacy information.
Released:
Nov 22, 2022
Format:
Podcast episode

Titles in the series (100)

Crypto is the world's hottest financial trend. Digital tokens like Bitcoin and NFTs have moved from niche products to showing up in Super Bowl commercials and song lyrics.  Advocates of these new asset classes promise they will democratize the finance industry, and they hail the blockchain technology that backs it all as the future of computing. Skeptics say it's another financial house of cards. No newsroom on the planet is better equipped than Bloomberg to cut through all the noise and provide clarity, context and authority. In this new daily podcast, Bloomberg’s reporting team will tease out what’s actually important in the crypto conversation. Led by crypto expert Stacy-Marie Ishmael, the podcast will draw on reporters in every region and credible voices in the industry to cover everything from regulation to alt coins to DeFi, and even the environmental impact of the currency that promises to change the finance landscape indefinitely.