News advances in blockchain technology are opening up alternatives to surveillance capitalism and techno-authoritarianism
The latest crypto winter has set in and looks to be a harsh one. Prices of speculative assets, boosted by massive government stimuli during the pandemic, are crashing in the era of elevated inflation, rising interest rates and quantitative tightening. No assets soared as high as crypto currencies when the going was good and none have plunged so precipitously in the past few months.
If such a shift had taken place at the end of 2020, I would have been on the side of sceptics such as economist Paul Krugman, billionaires Bill Gates and Warren Buffet, statistician and risk analyst Nassim Taleb, economist Nouriel Roubini and professor-lawyer Robert Reich who believe that cryptocurrencies are, at best, a solution looking for a problem, a technological innovation with no real world value and therefore akin to ponzi schemes even when promoters are not actual scamsters.
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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...