The Crypto Crash Is Good for Crypto

“The recent fall in cryptocurrency (crypto) and non-fungible token (NFT) values has led to anxiety, finger wagging, and calls for regulation. This is not surprising; bitcoin prices have fallen by one-third in the last 30 days. The largest crypto exchange, Coinbase, is laying off nearly one-fifth of its workforce.

The responses have been predictable. Bill Gates mocked people for trying to make money in cryptocurrencies. Personal finance guru Dave Ramsey called cryptos and NFTs “flashy money trends” and warned against investing in them.

But these responses are overreactions,” says Mark Jamison, Public Utility Research Center Director. 

Read why Jamison believes the crypto crash is good for crypto in this story from AEI.