Over the last two years, a boom in cryptocurrency prices has minted a generation of millionaires, catapulting industry executives and even some regular investors to extraordinary wealth. But lately the crypto market has crashed. Last week, the collapse of a so-called stablecoin helped ignite a broader meltdown, tanking the price of Bitcoin and wiping $300 billion in value from the broader crypto economy. Some investors who had put their life savings into the crypto market lost everything.
The New York Times is reporting on the human consequences of both the recent meltdown and the broader volatility in cryptocurrency prices. We want to speak with 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 the most dramatically? Have your other crypto bets over the years resulted in lost savings?
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Source: NY Times