Dusseldorf Less than a year ago, a bitcoin was worth almost $70,000. Now it’s not even worth $20,000. But not only Bitcoin, but the entire crypto world has slipped into a deep crisis – and it continues to this day.
The confidence of many investors is currently shaken. There were several reasons for this this year: For example, the collapse of the crypto project Terra and its stablecoin UST, which could not keep the promise of dollar parity. Another moment of shock was the bankruptcy of the US crypto platform Celsius, which also dragged the Berlin neobank Nuri into insolvency.
Does crypto still have a future as an asset class? Eric Demuth, co-founder and co-CEO of the Bitpanda investment platform, remains optimistic: “Established coins such as Bitcoin, Ethereum and Co. will always remain. I’m not worried about that at all.”
Demuth does not believe that increasing regulatory pressure could eventually mean the end for Bitcoin, he says in an interview with Handelsblatt Today host Anis Mičijević.
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Also: The European Central Bank (ECB) is raising the key interest rate by 0.75 percentage points to 1.25 percent. This was announced by ECB boss Christine Lagarde on Thursday. Handelsblatt financial editor Ingo Narat talks about the market reactions.
More: Record hike: ECB raises interest rates by 0.75 percentage points
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