Best of 2022: The cult of crypto: How $2 trillion went up in flames
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 30 December 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
In the week between Christmas and New Year, we’re listening back to some of our favourite episodes of 2022.
It promised a financial revolution - a liberation from money middlemen. But then the $3 trillion industry of cryptocurrency lost two thirds of its value in six months. So was it all a cult of personality? Or is the revolution still to come?
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Guest: Danny Fortson, West Coast Correspondent, The Sunday Times.
Host: Manveen Rana.
Clips: CNN, BBC News, CNBC, Danny in the Valley, CoinDesk, CBS, Crypto Mason, CryptoJack, Blake O'Neal.
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Transcript
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| 0:00.0 | As Nigel opened his Amazon parcel, it was in love at first sight. |
| 0:04.5 | Sleek design and effortless cornering. |
| 0:07.2 | This vacuum cleaner screamed quality and for a price lower than he ever dreamed. |
| 0:11.8 | Five stars from Nigel. |
| 0:15.0 | With star reviews from you and star prices from us, |
| 0:18.2 | start your search on Amazon today. |
| 0:20.0 | Imagine you, you in a nice comfy seat with your hands behind your head, |
| 0:27.6 | taking in the views, instead of taking on the road, |
| 0:31.4 | maybe even taking a nap. |
| 0:33.6 | That's the bliss of getting where you need to go without worrying about driving. |
| 0:39.4 | Book your train journey via AvantiWestcoast.co.uk |
| 0:43.2 | and we'll take you there. |
| 0:44.6 | Avanti West Coast. |
| 0:46.4 | Feel good travel. |
| 0:52.4 | Hi, David here, continuing our listening back to some of our favourite episodes of the year. |
| 0:57.8 | In the Coltish world of cryptocurrency, |
| 1:00.6 | if 2021 was the year of playing silly games, |
| 1:04.2 | 2022 was the year of winning silly prizes. |
| 1:07.8 | Maven spoke to our man in Silicon Valley back in August. |
| 1:19.2 | Crypto winter is upon us. |
| 1:22.2 | Prices are falling Celsius which build itself |
| 1:25.2 | as a crypto bank has frozen its users' access to their funds. |
... |
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