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blk:public:00_news:2022-06-11a [2022/07/11 15:22] nick |
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| **</WRAP>| | **</WRAP>| | ||
| ^ Summary: |<WRAP>// | ^ Summary: |<WRAP>// | ||
| - | CAMBRIDGE, Mass. (Project Syndicate)—With cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble. | + | CAMBRIDGE, Mass. (Project Syndicate)—With cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble.// |
| - | Perhaps not yet. But a higher opportunity cost of money disproportionately drives down the prices of assets whose main uses lie in the future. Ultralow interest rates flattered crypto, and young investors are now getting a taste of what happens when interest rates go up. | + | //Perhaps not yet. But a higher opportunity cost of money disproportionately drives down the prices of assets whose main uses lie in the future. Ultralow interest rates flattered crypto, and young investors are now getting a taste of what happens when interest rates go up.// |
| - | + | //A more interesting question is what will happen when governments finally get serious about regulating bitcoin BTCUSD, -2.49% and its brethren. Of the major economies, only China has so far begun to do so. Most policymakers have instead tried to change the topic by talking about central bank-issued digital currencies (CBDCs). | |
| - | A more interesting question is what will happen when governments finally get serious about regulating bitcoin BTCUSD, -2.49% and its brethren. Of the major economies, only China has so far begun to do so. Most policymakers have instead tried to change the topic by talking about central bank-issued digital currencies (CBDCs). | + | |
| //</WRAP>| | //</WRAP>| | ||
| ^ URL: | [[https://www.marketwatch.com/story/when-the-crypto-crisis-hits-and-it-soon-will-the-u-s-will-be-forced-to-strip-away-the-cloak-of-anonymity-that-facilitates-criminal-acts-and-which-gives-crypto-its-allure-11654614986]] | | ^ URL: | [[https://www.marketwatch.com/story/when-the-crypto-crisis-hits-and-it-soon-will-the-u-s-will-be-forced-to-strip-away-the-cloak-of-anonymity-that-facilitates-criminal-acts-and-which-gives-crypto-its-allure-11654614986]] | | ||
blk/public/00_news/2022-06-11a.1657567337.txt.gz · Last modified: 2022/07/11 15:22 by nick
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