Over the past two years, a boom in cryptocurrency prices beaten a generation of millionaires, catapulting industry executives and even some mainstream investors into extraordinary wealth. But lately, the crypto market has collapsed. Last week the collapse of a so-called stablecoin helped ignite wider meltdown, driving the price of Bitcoin down and wiping $300 billion worth of value from the broader crypto economy. Some investors who put their savings in the crypto market lost everything.
The New York Times reports on the human impact of both the recent meltdown and the broader volatility of cryptocurrency prices. We want to talk to investors about their experiences. Did you lose money in the recent crash? Were you an investor in Luna or TerraUSD, the sister currencies that crashed most dramatically? Have your other crypto bets over the years resulted in lost savings?
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