Robert Brunner is the associate dean for innovation and chief disruption officer at the Gies College of Business at the University of Illinois Urbana-Champaign, where he helped spearhead efforts to create iBlock, the first blockchain created by a business school. Brunner spoke with News Bureau business and law editor Phil Ciciora about turbulence in the cryptocurrency market.
Cryptocurrencies have taken a beating lately – both in the markets and in reputation. What explains the current dynamics of the cryptocurrency market, which has experienced a boom-bust cycle over the past two years?
The last few years provided an unprecedented macroeconomic environment where money was cheap and readily available. Central banks held interest rates near zero and governments were supporting people during the pandemic with cash to prevent demand destruction. As a result, investors inevitably chased high yields, leading to increased risk taking on their investments, whether it be tech stocks,...
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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...