Matt Levine, Columnist

It’s Hard to Create Crypto Value With an Algorithm

In 2017, the default assumption was that every cryptocurrency would automatically be valuable. That’s no longer the case.

March 29, 2019 at 6:00 AM EDT

By Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

File: Crypto Losses Near $700 Billion In Worst Week Since Bubble Burst — Photographer: Bloomberg

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This post originally appeared in Money Stuff.

Here’s a trade:

Before it’s here, it’s on the Bloomberg Terminal

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