The world of cryptofinance can be difficult to penetrate – and not without good reason. In the decade since bitcoin first became a tradable asset, complex and largely unregulated digital currency markets have boomed – fuelled latterly by a surge of activity from amateur home traders during the pandemic. But now, against a backdrop of more conventional global economic strife including the Ukraine war, rising inflation and higher borrowing costs, the digital finance sector is crashing.
Could a bursting crypto bubble trigger serious problems elsewhere in the financial markets or the world economy? Alex Hern and Dan Milmo go behind the crypto crash, and ask how concerned we should all be.
