The cryptocurrency market’s near-$2 trillion loss in value forces a difficult question: Could crypto trigger a broader economic slowdown?
It’s a concern that highlights the uncertainty inherent in a market that by many measures is still in its infancy but is now mainstream enough to inspire multiple Super Bowl ads and attention from mainstream financial institutions. Last month, Fidelity Investments, the nation’s largest retirement plan provider, said it would allow people to put bitcoin in their 401(k) accounts, beginning this year.
