The Business Times
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COMMENTARY

Crypto carnage, and a cautionary tale

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Kelly Ng

Kelly Ng

Published Tue, May 25, 2021 · 07:35 AM

    AS CRYPTOCURRENCIES and their underlying blockchain technology edge into mainstream finance, several red flags still stand. These are likely to impede widespread adoption.

    Because of the unique features of these digital assets, these risks are not as prevalent in traditional financial markets, such as those for stocks and bonds.

    The past weekend's crypto carnage - which saw bitcoin spiralling down over 50 per cent from its April peak - is a case in point.

    CryptocurrenciesBitcoinElon MuskDBS

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