February 15, 2022
In the past few weeks, the value of cryptocurrencies has been slashed by half over fear, uncertainty, and doubt (aka FUD) of US interest rate hikes and new regulation.
That means NYC Mayor Eric Adams, NFL quarterback Aaron Rodgers and basketball star Klay Thompson all face pay cuts because they get their salaries in crypto.
Yet, the crypto bros out there have not lost faith.
El Salvador’s crypto-loving President Nayib Bukele is still going strong, ignoring calls by the IMF to stop using bitcoin as legal tender.
What's the big deal about bitcoin anyway?
Critics say it's a Ponzi scheme for criminals. The online black market does take bitcoin, which is also the go-to payment scheme in rug-pull scams.
But crypto fans insist that the tech is anonymous, secure, and unhackable. Not to mention cutting out the middleman: untrustworthy banks.
In fact, crypto has already gone so mainstream that Goldman Sachs predicts it'll compete with gold, and JP says that blockchain will be the backbone of Web 3.0 — a new, more decentralized internet.
The flip side: it could also go to zero.
Watch the GZERO World episode: Does China's rise have to mean America's decline?
More For You
US President Donald Trump participates in an arrival ceremony at Beijing Capital International Airport during his visit to the country, in Beijing, China, on May 13, 2026.
REUTERS/Evan Vucci
Xi Jinping will welcome Donald Trump with lots of pomp and circumstance. The summit, though, will be short on substance.
Most Popular
Sponsored posts
The momentum behind women’s sports
What's Good Wednesdays
What’s Good Wednesday: May 13, 2026
- YouTube
Israel used AI in Gaza in a way that felt "potentially uncomfortable for the US military tradition" says Bloomberg reporter Katrina Manson.
- YouTube
Ian Bremmer breaks down the complicated reality inside Venezuela after Nicolás Maduro’s removal from power. While the Trump administration sees the operation as a major foreign policy victory, Ian argues the harder challenge is only beginning; turning Venezuela into a stable economy and a representative democracy.
Noam Bettan from Israel with the song "Michelle" are on stage at the 70th Eurovision Song Contest (ESC) during rehearsals for the first semi-final on May 12, 2026, in the Stadthalle.
Jens Büttner/dpa via Reuters Connect
Even Eurovision cannot escape geopolitics, South Africa’s constitutional court opens door to Ramaphosa impeachment vote, Zelensky’s former right-hand man accused in corruption probe
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.