Today, Explained

Tales from the crypto

Jun 17, 2021
Jen Wieczner, a features writer for New York Magazine and a cryptocurrency expert, dives into the wild world of digital currencies. She shares humorous tales of impulsive day trading and explores the dramatic rise and fall of cryptocurrency, especially during the pandemic. The conversation highlights how meme-driven markets are attracting young investors and the surprising corporate interests in Bitcoin. Jen also tackles the controversial ties between cryptocurrency mining and renewable energy, presenting a nuanced view of the industry's environmental impact.
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ANECDOTE

Bitcoin Frenzy

  • A man overheard someone bragging about future Bitcoin riches, inspiring him to invest.
  • His investment quickly vanished after an Elon Musk tweet.
INSIGHT

Crypto Spring

  • Cryptocurrency, especially Bitcoin, saw a surge in value during the pandemic.
  • Big companies and even countries are showing interest in crypto.
INSIGHT

Bitcoin Rollercoaster

  • The value of Bitcoin has fluctuated greatly since the start of the pandemic.
  • Starting at $5,000, it reached nearly $30,000 by the end of 2020.
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