CNN's John Sutter asks: Did everyone just realize something about crypto currency in the last couple of weeks? He says it became another kind of speculative tech bet. The price has clearly come down a lot, and i think that what we're seeing now with the move down is both tex stocks are also down a ton, right? Both Crypto and text stocks wen up in this free money, low interest rates forever world, the goldi locks world.
The stock market tumble and crypto crash are symptoms of a broader shift in the US economy. Jacob Goldstein explains the end of the “Goldilocks Era.”
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Mounsey, hosted by Noel King.
Transcript at vox.com/todayexplained
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