SYLVIE DOUGLIS, BYLINE: NPR.
(SOUNDBITE OF DROP ELECTRIC SONG, "WAKING UP TO THE FIRE")
WAILIN WONG, HOST:
This is THE INDICATOR FROM PLANET MONEY. I'm Wailin Wong.
PADDY HIRSCH, HOST:
And I'm Paddy Hirsch. The crypto-verse - that's cryptocurrencies and all the financial technology associated with them - has had a rough time lately. The flagship crypto asset, bitcoin, has fallen sharply in value. Its market capitalization is down to roughly $390 billion - about the same level it was in December of 2020.
WONG: It's quite a reverse from October of last year when bitcoin had a market cap of $1.14 trillion, and Matt Damon was pitching crypto.com.
(SOUNDBITE OF ARCHIVED RECORDING)
MATT DAMON: Fortune favors the brave.
HIRSCH: Fortune favors the brave. I love it. Thanks, Matt. Since that ad aired, the total value of crypto assets has dropped by two-thirds. It was at $3 trillion. Now it's 1 trillion - in fact, less than that. I really, really, really want to call Matt Damon up and ask him...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...