Introduction

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Ujahat Magal is a doctor in his 20s. He posts videos about crypto on YouTube. It made him quite wealthy until it didn't. In a matter of days, Terra went from being a multi-billion dollar project to nearly nothing. Ujahat comes across as refreshingly honest and genuine. But his story isn't unusual. There are millions more who've lost money out there.

A new season of Tech Tonic asks whether crypto and its supporting technology - the blockchain - have a future following a market crash. In the first episode of this five-part series, FT columnist and host Jemima Kelly casts a sceptical eye on what led to the boom in digital assets and their subsequent collapse. She assesses the damage with the FT’s digital assets correspondent Scott Chipolina, and hears from big-time bitcoin investor Michael Saylor, Dogecoin co-creator Jackson Palmer, and crypto YouTuber, Wajahat Mughal.

Check out stories and up-to-the-minute news from the FT’s technology team at ft.com/technology The FT’s Cryptofinance Hub is at https://www.ft.com/cryptofinance Scott Chipolina’s reporting can be found at https://www.ft.com/scott-chipolina

For a special discounted FT subscription go to https://www.ft.com/techtonicsale

Presented by Jemima Kelly. Special thanks to Scott Chipolina. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.

News clips credits: CNBC, Saturday Night Live

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.