Crypto Is Dead. Or Is It? - A Conversation

Mo News

@mosheh / tentwentytwo

News, Daily News, News Commentary

4.9 • 2K Ratings

🗓️ 7 July 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Summer is heating up but we're deep in a "crypto winter." Cryptocurrencies are having their worst year in a decade. The leading currency, Bitcoin, is down more than 70% from it's all-time high last November and the overall crypto market has lost nearly $2 trillion in value. At the same time, some crypto banks and so-called "stable coins" have gone bankrupt and several companies are laying off workers. Crypto skeptics are reveling and saying "I told you so," while the hardcore HODL'ers say it will come back even stronger! So what is going to happen? Mosheh interviews crypto-journalist and the author of the "Crypto Uncomplicated" newsletter, Zack Guzman. They talk about crypto’s past, what popped the bubble, how bad it might get, how to keep your investment safe and what the future looks like in this space. Guzman previously reported for Yahoo Finance and CNBC. His bottom line: We are finding out who is "swimming naked” and only the best crypto projects will survive this bloodletting. — Please remember to subscribe and review this podcast. —- Mosheh Oinounou (@mosheh) is an Emmy and Murrow award-winning producer with 20 years of experience at networks including Fox News, Bloomberg Television and CBS News, where he was the executive producer of the CBS Evening News and launched the network's 24 hour news channel. He launched the @mosheh Instagram news account in 2020. Follow Mo News on all platforms: Newsletter: https://monews.bulletin.com/ Instagram: https://www.instagram.com/mosheh/ Twitter: https://twitter.com/mosheh Facebook: https://www.facebook.com/MoshehNews Youtube: https://www.youtube.com/moshehnews

Transcript

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0:31.0	Hey everyone, it's Mocha Winner with your Mo news conversation this week.
0:35.0	I wanted to get to a topic many of you have been asking me about,
0:39.0	especially on Instagram, crypto.
0:41.0	Summer is heating up, but we are now deep in the crypto winter.
0:45.0	Cryptocurrencies have had their worst year in a decade.
0:48.0	The leading currency Bitcoin has plunged more than 50% this year alone.
0:53.0	It is currently trading just under $20,000 and it is down 70% from its all-time high,
0:59.0	which was about $69,000 for one Bitcoin back in November.
1:03.0	And the larger market is not doing any better.
1:05.0	The overall market cap, the size of the crypto market,
1:08.0	has decreased from $3 trillion down to $1 trillion.
1:11.0	Some crypto banks and so-called stablecoins have gone bankrupt
1:15.0	and a number of companies are doing significant layoffs in this space.
1:18.0	Those who have been skeptical of cryptocurrencies all along are reveling
1:22.0	and saying, I told you so.
	...

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