Financial TimesFinancial Times

There is a moral case against crypto

By Jemima Kelly

19 May 2022 · 3 min read

Three weeks ago, I used this column to explain why I was still not taking crypto seriously, despite the number of allegedly very serious and grown-up investors getting involved in it. Since then, the market has crashed by about 30 per cent, with many so-called “stablecoins” proving themselves to be anything but. Bitcoin’s value has now collapsed by more than half since its highs last year; Dogecoin’s by almost 90 per cent.

A reader wrote to me over the weekend to suggest a column idea: “This week, I was thinking you should write a massive ‘I told you so’ article :)”.

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