What is Cryptocurrency? The future of crypto after the bitcoin price crash
This year’s crypto crash burned many investors. But that doesn’t mean the technology behind digital coins won’t be transformative over time.
Alex P. Kellogg
USA TODAY Special
- In June, Bitcoin had lost 70% of its value from an all-time high in November.
- Some advisors and influencers claim that cryptos are still worth considering for investment.
- Although risky investments, the technologies underlying crypto will be transformative.
Over the past year, cryptocurrencies have grown in popularity as superstar endorsers tell potential investors they don’t want to miss the crypto bandwagon.
But by June, bitcoin had lost about 70% of its value from its all-time high of $69,000 last November, and several so-called stablecoins whose value was pegged to the dollar were worth a fraction of their advertised value.
USA Today
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