The cryptocurrency market has lost about $2 trillion in value, raising concerns that it could harm the bigger economy.
Experts aren’t concerned just yet. The near-$2 trillion value fall in the cryptocurrency market raises a challenging question: Could crypto precipitate a broader economic slowdown?
It’s a worry that illustrates the unpredictability of a market that, while still in its infancy by many counts, has attracted the attention of major financial institutions and many Super Bowl advertising. Fidelity Investments, the nation’s largest retirement plan provider, announced last month that beginning this year, customers will be able to put bitcoin into their 401(k) accounts.
