GAZETTE: What set off the cryptocurrency slide? The interview has been edited for clarity and length. Kominers spoke to the Gazette about why the crypto market has plunged in value recent months and how a tide of upcoming international regulation could affect the market. ’11, is a professor of business administration at Harvard Business School and a faculty affiliate of Harvard’s Department of Economics and the Harvard Center of Mathematical Sciences and Applications.
This “crypto crash” has reinforced the perception of critics that markets for the digital currency - used primarily as an investment vehicle as it is not widely accepted as payment for goods and services - are little more than global casinos operating with virtually no rules or accountability. I’M CAL THOMAS.Recent high-profile financial meltdowns at Bitcoin, Celsius, and Terraform Labs, which together wiped out hundreds of billions in market value, helped trigger a flight from the cryptocurrency market, driving its value from $2.9 trillion last fall to less than $900 billion today. OTHERWISE THEY SHOULD KEEP THEIR MOUTHS SHUT. IF THOSE UNDERACHIEVERS WHO WANT TO TEAR DOWN OR COVER-UP STATUES OF COLUMBUS ACHIEVE ANYTHING IN LIFE APPROACHING WHAT COLUMBUS AND THE OTHERS DID, THEN THEY MIGHT GET A HEARING. THEY PUT THEIR LIVES IN DANGER, ALONG WITH THEIR CARGO AND THE INVESTMENTS BY THEIR UNDERWRITERS. STATUES HONORING COLUMBUS HAVE BEEN REMOVED OR COVERED UP AS SPINELESS OFFICIALS BOW TO PEOPLE WHO HAVE ACHIEVED LITTLE OR NOTHING IN LIFE.ĬOLUMBUS, HIS CREW AND HIS ASSOCIATES ON THOSE OTHER TWO SHIPS TOOK RISKS. THEY ALSO SEEM TO HAVE FORGOTTEN THAT INDIANS FOUGHT EACH OTHER. NOTICE THEY DON’T FEEL THAT WAY WHEN IT COMES TO THE INVASION BY PEOPLE FROM 41 COUNTRIES ACROSS WHAT USED TO BE OUR SOUTHERN BORDER. THEY CLAIM THE LAND WE CALL AMERICA WAS PEACEFUL BEFORE IT WAS INVADED BY WHITE EUROPEANS. UNFORTUNATELY, THE WOKE CROWD HAS TURNED IT INTO “INDIGENOUS PEOPLES” DAY.
NORMALLY – A WORD THAT HAS FALLEN OUT OF FAVOR – NORMALLY OCTOBER 12 WAS OBSERVED IN OUR SCHOOLS CULTURE AS COLUMBUS DAY, THE DAY CHRISTOPHER COLUMBUS DISCOVERED THE NEW WORLD IN 1492.
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