How crypto goes to zero
The implosion of FTX has raised questions about the tech’s future
If everyone stopped using it. That, in five words, is how crypto would go to zero. Still, the journey is more interesting than the destination. The death of ftx, an exchange declared bankrupt on November 11th after a spectacular blow-up, will encourage some people to turn their attention elsewhere. What would have to happen for everyone to give up?
This article appeared in the Finance & economics section of the print edition under the headline “Cryptzero”
Finance & economics November 26th 2022
- Xi Jinping’s big bang for Chinese stockmarkets
- Western officials need banks’ help to keep money flowing to Russia
- How crypto goes to zero
- Why American unemployment needs to rise
- Where the coming housing crunch will be most painful
- Why Europe is scared of quantitative tightening
- Weather is again determining economic outcomes
From the November 26th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania