Crypto crisis means regulation will come sooner rather than later - Kenneth Rogoff

June 6, 2022, Opinion: "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. Ultra-low interest rates flattered crypto, and young investors are now getting a taste of what happens when interest rates go up."

Non-HKS Faculty Author Website - Kenneth Rogoff