logo
episode-header-image
Jun 2022
38m 14s

Money Talks: Crypto winter is here

The Economist
About this episode

In much of the northern hemisphere, it is summer. But in the world of crypto, winter has arrived. The price of bitcoin, which has been hovering around $20,000, is 70% below its peak of last year. In fact, the entire market capitalisation of the cryptoverse has shrunk by more than two-thirds since November 2021. Is this, as the crypto bulls say, a much needed correction? Or is this the beginning of a domino effect that could see the entire decentralised finance system unravel?

This week, hosts Alice Fulwood, Mike Bird and Soumaya Keynes first look at why this crash is different from the many that have come before in the short life-span of cryptocurrencies. Then, they ask what weaknesses have been exposed in this downturn. Will this downturn finally see the end of the crypto hype and bust cycle?

Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks

For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer



Hosted on Acast. See acast.com/privacy for more information.

Up next
Dec 2021
Money Talks: 2021 unwrapped
From Ever Given to Evergrande, via empty crisp packets and the metaverse, host Henry Tricks leads a brave band of The Economist’s finest through the tribulations and triumphs of the past year in business, finance and economics. The team unpack the data that made their jaws drop, ... Show More
32m 57s
Dec 2021
Money Talks: Meet the cryptokings
Four men hold the keys to a $2trn market. Our finance correspondent Matthieu Favas speaks to some of the most powerful people in the world of cryptocurrencies—the founders of the most important crypto exchanges—to find out what it takes to stay on top in the most volatile market ... Show More
35m 36s
Dec 2021
Money Talks: The not-so-great resignation
The idea that the pandemic has prompted people to quit their jobs en masse fills corporate earnings calls, headlines and social media. But do the data hold up? Host Patrick Lane investigates what is really going on in the labour market. Will the Biden administration usher in a ne ... Show More
28m 37s
Recommended Episodes
Jun 2022
Behind the Money: A crypto vibe shift?
Introducing Behind the Money. This is part 1 of 2 in a mini-series on crypto. Part 2 is available now here: https://link.chtbl.com/BTMMCFirst up, we're wondering: is a crypto vibe shift underway? Bitcoin’s price has been dropping for weeks and earlier this month, a popular stable ... Show More
19m 35s
Jul 2022
Death of a Crypto Company
Born in response to the 2008 financial crisis, cryptocurrency was supposed be a form of money that eliminated the traditional gatekeepers who had overseen the tanking of the economy.But a crash in value recently has raised questions about cryptocurrency’s central promise.Guest: D ... Show More
29m 49s
Jul 2022
Money Talks: How should crypto be regulated?
The crypto winter has left many investors out in the cold. People have lost money as lending platforms have gone bust and complex stablecoin systems have unravelled. The push for better guardrails to be put in place has accelerated. But how do you protect consumers without stifli ... Show More
41m 15s
Dec 2021
Money Talks: Meet the cryptokings
Four men hold the keys to a $2trn market. Our finance correspondent Matthieu Favas speaks to some of the most powerful people in the world of cryptocurrencies—the founders of the most important crypto exchanges—to find out what it takes to stay on top in the most volatile market ... Show More
35m 36s
Nov 2022
Money Talks: The cryptocalypse
Until last week, Sam Bankman-Fried - or SBF as he’s become known - was crypto’s poster-child. He was a regular in Washington, DC where he schmoozed journalists, regulators and lawmakers alike. He funded political campaigns and sponsored sports teams ranging from basketball to For ... Show More
44m 1s
May 2022
A crypto vibe shift?
Behind the Money is back! Our first episode is part 1 of 2 in a miniseries on crypto. First up, we're wondering: is a crypto vibe shift underway? Bitcoin’s price has been dropping for weeks and earlier this month, a popular stablecoin collapsed. FT reporter Ethan Wu explains how ... Show More
19m 35s
May 2022
Money Talks: Worse than the average bear (market)
The beginning of 2022 has been particularly brutal for stock markets. The S&P 500 had its worst April since 1970, the past seven weeks have marked the Dow Jones Industrial Average’s longest losing streak since 1980, and the tech-heavy Nasdaq has fallen 20% from its peak, putting ... Show More
40m 41s
Jun 2022
Crypto Update 6/7/22 | Are Exchange Layoffs the First Sign of Crypto Winter, or Is It Already Over?
With bitcoin and the broader crypto market tumbling after what seemed to be a fresh burst of momentum, plus a look at what a bear market may mean for crypto jobs, CoinDesk’s "Markets Daily" is back with the latest news roundup. This episode is sponsored by Kava and BCB Group.Toda ... Show More
13m 25s
Jun 2022
Crypto Update 6/28/22 | What if the Federal Reserve Has Inflation All Wrong?
With bitcoin dipping modestly while some altcoins trade upward, and a perspective on the Fed’s inflation explanation, CoinDesk’s “Markets Daily” is back with its latest news roundup. This episode is sponsored by Kava and BCB Group.Today's Stories:Stock Futures Rise as China Eases ... Show More
11m 46s