Authors:

  • Scott Duke Kominers

Excerpt

July 13, 2022, Interview: "Recent high-profile financial meltdowns at Bitcoin, Celsius, and Terraform Labs, which together wiped out hundreds of billions in market value, helped trigger a flight from the cryptocurrency market, driving its value from $2.9 trillion last fall to less than $900 billion today. This “crypto crash” has reinforced the perception of critics that markets for the digital currency — used primarily as an investment vehicle as it is not widely accepted as payment for goods and services — are little more than global casinos operating with virtually no rules or accountability."

Non-HKS Harvard Faculty Author Website - Scott Duke Kominers