Cryptocurrency has been having a rough couple of months lately. From bitcoin to ethereum and Coinbase, hundreds of billions of dollars have evaporated in crypto markets. But things got really bad last week, after a coin that’s supposed to be stable turned out not to be.
All this is having consequences. People who jumped into crypto during the pandemic, amid the rising visibility of celebrity endorsements and crypto influencers on TikTok, are losing real money.
On the show today, Ramaswamy explains what’s behind the crash and what it means for the future of cryptocurrencies. We’ll also provide a mini-explainer on “stablecoins.”
Later, good news about little kids and COVID vaccines, and will Russia and the West break up their energy relationship?
Plus, “Make Me Smart” fan art, and why you may be wrong about fly-fishing!