The promise of crypto has not lived up to its initial excitement

Crypto has not lived up to its initial excitement, and public trust has hit rock bottom after a string of high-profile swindles and crashes. Crypto transactions are still costly, and it is not easy to avoid government oversight. However, crypto may still be useful as a hedge against currency depreci

May 17, 2023 . 11:20 AM

1 min read

Crypto has seen a dramatic decline in market value and public trust after high-profile swindles and crashes.
Regulators are belatedly acting, with as many as 25 out of 45 countries imposing partial or complete bans on crypto.
Crypto transactions are still costly, and it is not easy to avoid government oversight.
Crypto advocates now claim to want regulation to reduce uncertainty and regain consumer trust, but regulators often go further than expected.
Crypto may still be useful as a hedge against currency depreciation and severe inflation, as well as for cross-border payments.