Cryptocurrency will survive. But will there be any point to it?
Digital currencies will get over Sam Bankman-Fried. But it may be at the cost of the anonymity that makes them so useful to many of their most devoted users.
The epic collapse of wunderkind Sam Bankman-Fried’s $US32 billion ($48 billion) crypto empire, FTX, looks set to go down as one of the great financial debacles of all time.
With a storyline full of celebrities, politicians, sex and drugs, the future looks bright for producers of feature films and documentaries. But, to paraphrase Mark Twain, rumours of the death of crypto itself have been much exaggerated.
Loading...
Kenneth Rogoff is a former chief economist of the International Monetary Fund and professor of economics and public policy at Harvard University.
