Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's what's happening now that the dust is settling from the crypto crash, and how the mainstream investing world is reacting to it. Hosted by Frances Cook.
The crypto world is just starting to catch its breath after what was one of the nastiest crashes in its history.
A supposedly safestable coin, Luna, cratered and may never recover.
The ripples of fear went far and wide, and the entire crypto market fell about 30%. In a single day, the market lost US$200 billion (NZ$308b) in value.
So, is this proof that it’s all a bubble, like the infamous tulips? A Ponzi scheme?
Or, as crypto enthusiasts like to say, it is just that we're all victims of FUD – fear, uncertainty, and doubt? Will it bounce back, and then we non-believers will be the idiots who miss out on all the money that could be made?
Frankly, I suspect the answer is somewhere in the middle, but what would I know?
Now that the dust is settling, let’s talk to the people who’ve had a front-row seat to the disaster.
For the latest podcast, I talked to BusinessDesk markets reporter Dan Brunskill and Kōura Wealth managing director Rupert Carlyon.
For the interview, listen to the podcast here:
If you have a question about this podcast or a question you'd like answered in the next one, come and talk to me about it. I'm on Facebook, Instagram and Twitter.
Listen to the full interview on the Cooking the Books podcast. You can subscribe on iHeartRadioApple Podcasts or Spotify.
