Is this the end of cryptocurrencies at a risk hedge?
13 May 2022 - 6 minsyou are interested in crypto currencies like bitcoin, then you will have noticed that the market has collapsed in recent days and weeks. From an all-time record high of almost $70,000 last year, BitCoin is now trading at around $27,000. One less well known cryptocoin - the Terra Luna token - fell from a high of $118, last month, to $0.09 on Thursday.
Is this the end of cryptocurrencies at a risk hedge? Joining Joe this morning was Gavin Blessing from ICM Capital research which launched its own crypto-only fund last year.
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