Why crypto disappointed us
Every year I teach an investments class to undergraduate students. Tracking the types of questions they ask is useful in gauging sentiment.
Right after the COVID-19 pandemic, I started getting questions about Bitcoin and cryptocurrency. About two years ago, the interest in Bitcoin peaked. But in the last six months, the questions about crypto have stopped.
Following Trump’s election victory in late 2024, Bitcoin prices jumped. The administration had big plans to expand the crypto industry in the US and worldwide. And they’ve largely followed through. It is the investors that have cooled off. Bitcoin prices are lower today than when Trump took office.
