Crypto owners lost tons of money lately, but the rest of us are fine... for now. : The Indicator from Planet Money : NPR
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Bitcoin's market capitalization is down to roughly $390 billion - about the same level it was in December of 2020. Since that ad aired, the total value of crypto assets has dropped by two-thirds. 16% of U.S. adults said they had invested in, traded or used a cryptocurrency. Some investors in crypto are institutions, but a lot of individuals have made bets on crypto - some because they believe in the future of the blockchain and cryptocurrency, others because they've seen the gains many crypto firms have made, and they want to jump on that train. A person that doesn't have exposure to crypto - like you know it's a great time to buy, Wailin Wong. We'll spend some time in The INDICATOR exploring the fallout from this collapse in a series of stories next week. Source