Matt Levine, a popular financial columnist, wrote a 40,000-word article on crypto. The “piece” was the only one published in Bloomberg Businessweek this week.
Matt Levine and crypto in 40,000 words in Bloomberg Businessweek
Former lawyer, investment banker and legal assistant, Matt Levine, wrote a 40,000-word article on cryptocurrencies that was published as a single “piece” in this week’s Bloomberg Businessweek.
Crypto isn't going away, so we asked @matt_levine to help us understand it.
He came back with 62,000 words. (We edited it down to 40,000).
— Businessweek: Read The Crypto Story (@BW) October 25, 2022
“Crypto isn’t going away, so we asked @matt_levine to help us understand it. He came back with 62,000 words. (We edited it down to 40,000). This is The Crypto Story.”
This week’s Bloomberg Businessweek was thus filled with this story, this one “piece” of 40,000 words, claiming it was originally 62,000 words.
Levine’s essay, titled The Crypto Story, seeks to describe 14 years of cryptocurrency history, praising the good parts and criticizing the bad. Not only that, Levine seems to have chosen this long “crypto winter” period to answer industry questions.
Matt Levine: “Crypto is Amazing”
In a video presentation, the Bloomberg columnist Levine, as a good lover and expert in finance, said that “crypto is amazing”.
— Bloomberg Crypto (@crypto) October 25, 2022
“There are some pretty big questions in crypto. @matt_levine tries to answer them in a new 40,000-word story for @BW.”
Specifically, Levine says he has no particular feelings toward cryptocurrencies, but that they turn out to be interesting in the world of finance, understood as a structure through which people have created an economic reality.
Levine also tells in his essay that crypto are a new way of moving money and information that has given new “hopes” to the centralized finance industry.
Deciding which crypto to invest in
While Levine describes crypto assets at the financial level, more recently there has also been an analysis of cryptocurrency trends, attempting to identify which ones might generate increases in value.
Overall, Bitcoin and the rest of cryptocurrencies are experiencing a 2022 bear market, but even in this context, as Levine also confirms, for many it could be the best time to invest in cryptocurrencies, perhaps even in undervalued ones.
In this regard, Changpeng Zhao (or CZ), CEO of the popular Binance crypto-exchange, reportedly suggested that an uptrend could soon be triggered in the DeFi sector, which has been declining since May after Terra’s implosion.
Not only that, other analyses report price trends for Monero (XMR), Shiba Inu (SHIB), Dogecoin (DOGE) and CRO. For each of them there is a history of price fluctuations and related conclusions and predictions.
Certainly, as is well known in this industry, it is not possible to guarantee with certainty that asset prices will rise, in the same way that it is certain that it is investment, and therefore risk.