Business & Economy
Business professor looks at digital currency plunge, upcoming global regulations, why technology isn’t going away anytime soon
Recent high-profile financial meltdowns at Bitcoin, Celsius, and Terraform Labs, which together wiped out hundreds of billions in market value, helped trigger a flight from the cryptocurrency market, driving its value from $2.9 trillion last fall to less than $900 billion today. This “crypto crash” has reinforced the perception of critics that markets for the digital currency — used primarily as an investment vehicle as it is not widely accepted as payment for goods and services — are little more than global casinos operating with virtually no rules or accountability.
Scott Duke Kominers ’09, A.M. ’10, Ph.D. ’11, is the M.B.A. Class of 1960 Associate Professor of Business Administration at Harvard Business School and a faculty affiliate of Harvard’s Department of Economics and the Harvard Center of Mathematical Sciences and...
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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...