What Does the Cryptocurrency Decline Mean?
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Guest: Jan Vermeulen - MyBroadband editor
In recent years, several countries have begun to accept Bitcoin as a form of legal tender, hailing its potential to transform their economies. But in 2022, cryptocurrency markets collapsed: Since peaking at over $68,000 in November 2021, the price of Bitcoin has fallen to under $17,000. This volatility, underscored by the collapse of cryptocurrency exchange FTX and other crypto ventures, has brought new scrutiny to the industry and to the countries that have embraced digital assets.
In recent years, several countries have begun to accept Bitcoin as a form of legal tender, hailing its potential to transform their economies. But in 2022, cryptocurrency markets collapsed: Since peaking at over $68,000 in November 2021, the price of Bitcoin has fallen to under $17,000. This volatility, underscored by the collapse of cryptocurrency exchange FTX and other crypto ventures, has brought new scrutiny to the industry and to the countries that have embraced digital assets.
