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	Podcast:		Please Explain
	Episode:		Cryptocurrencies' winter of discontent
	Category:		News & Politics
	Duration:		00:17:43
	Publish Date:		2022-06-23 05:03:06
	Description:		Despite being around for decades cryptocurrencies have only really increased in popularity to the point that countries began accepting them as legal tender in the last few years. From Bitcoin, to Ethereum, to Nano and Zcash, the race to invest in crypto has made some people very rich. But now the crypto winter has arrived. In November last year one bitcoin was worth more than ninety one thousand dollars…. Earlier this week its value dropped to less than thirty thousand dollars. Today on Please Explain, senior economics correspondent Shane Wright joins Nathanael Cooper to discuss to big flaw of cryptocurrency and why it will never replace normal money. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.
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