Cryptocurrency And Water

By Jim Lauria

With the meltdown of FTX and the price of Bitcoin sinking to a quarter of its high water mark of over $64,000 in value (now maybe two bit Bitcoin?), I decided to resurrect my 2018 post Is Cryptocurrency Going Down the Drain?...

Talk about making waves. Cryptocurrency — digital “tokens” or “coins” rooted in computer code and valued for the very fact that they are disconnected from governments and banks — have experienced spectacular rises and falls in recent months. The crypto-economy is already worth hundreds of billions of dollars (REAL dollars!), and it’s anyone’s guess how fast it will grow after that.