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22 December 2021

We All Need to Stop Only Seeing the Dark Side of Crypto


IN 2021, BITCOIN went mainstream. Wall Street set its eyes on the world of crypto, with hotshot investors like hedge funder Paul Tudor Jones leading the pack; The Economist went from calling the cryptocurrency “useless” in 2018 to arguing that it belongs in most portfolios; tech CEOs Jack Dorsey and Elon Musk gamely crossed swords about Bitcoin’s merits at a conference run by an asset management firm. Popular opinion lags a bit: Many people still believe cryptocurrency is a giant, global get-rich-quick scheme. Others simply dismiss the entire thing as a speculation-driven fad in the best case, a criminal enterprise in the worst. But amid the noise, the enthusiasm, and the hype, we might be losing the most important story: the way cryptocurrency is changing lives in the developing world.

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