On May 12, 2022, just over fourteen years after the collapse of Bear Stearns, the New York Times announced another crash. In a story entitled, “Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic,” the lede read: A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies…
2 years ago · 460 likes · 251 comments · Matt Taibbi