A crypto vibe shift?
Behind the Money
Topher Forhecz
4.4 • 350 Ratings
🗓️ 25 May 2022
⏱️ 21 minutes
🧾️ Download transcript
Summary
Behind the Money is back! Our first episode is part 1 of 2 in a miniseries on crypto. First up, we're wondering: is a crypto vibe shift underway? Bitcoin’s price has been dropping for weeks and earlier this month, a popular stablecoin collapsed. FT reporter Ethan Wu explains how the effects of that rippled into other areas of the crypto universe. Michela and Ethan will talk about what stablecoins are and why they matter — even for people who aren’t crypto investors.
For further reading:
Investors pull $7bn from Tether as stablecoin jitters intensify
Follow Ethan Wu on Twitter @EthanYWu
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Am I missing anything? Is this the right decision? |
| 0:02.0 | Could it be a alternative? |
| 0:04.0 | Am I too late? |
| 0:05.0 | Find clarity in your investment decision-making. |
| 0:08.0 | Manage your portfolio for sustainable growth |
| 0:11.0 | and regulatory alignment |
| 0:12.0 | with the ultimate blend of powerful AI and |
| 0:14.6 | industry expertise. |
| 0:16.5 | Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on |
| 0:21.1 | facts, not opinions. |
| 0:23.0 | Clarity AI scaling human decisions through tech. |
| 0:26.6 | Visit clarity. |
| 0:28.0 | AI and take action today. |
| 0:32.0 | Crypt currency prices have been dropping since late 2021, but for one week in mid-May of this year, something particularly dramatic happens. |
| 0:44.0 | In crypto things tend to fall apart pretty quick. |
| 0:47.0 | That's Ethan Wu. |
| 0:49.0 | He co-writes unhedged. |
| 0:51.0 | It's the F.T's daily newsletter about markets and finance. |
| 0:55.0 | The crypto market is turning down. |
| 0:57.0 | That puts a lot of selling pressure on these currencies, |
| 1:00.0 | and it creates a generally fragile environment where a little bit of pressure can really cause something to crack, |
| 1:06.0 | especially if the foundations are themselves not particularly sturdy. |
... |
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