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Crypto: The Insights You Need from Harvard Business Review
book

Crypto: The Insights You Need from Harvard Business Review

by Harvard Business Review, Jeff John Roberts, Omid Malekan, Molly White, Steve Glaveski
February 2023
Intermediate to advanced
176 pages
2h 13m
English
Harvard Business Review Press
Audiobook available
Content preview from Crypto: The Insights You Need from Harvard Business Review

2 TO UNDERSTAND CRYPTO’S VOLATILITY, THINK ABOUT IT AS A STARTUP

by Omid Malekan

Spring of 2022 was a dark time for the crypto industry. Between April and June, Bitcoin’s value more than halved; other coins fell even more. The Terra-UST ecosystem, which paired a crypto coin with one designed to be pegged to the dollar, collapsed, wiping out $60 billion worth of value and leading to cascading failures among crypto lenders. Established companies like Coinbase, a popular crypto exchange, announced layoffs.

Amid the turmoil, crypto skeptics doubled down on their critiques, often with a focus on the speculative excess, and argued that the crash revealed crypto as a Ponzi scheme. As evidence, some cited the extreme volatility. How could crypto ...

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Publisher Resources

ISBN: 9781647824501