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Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?

Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But there could be something very real behind it. Though not intentionally, the professor may have ma...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?
Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But there could be something very real behind it. Though not intentionally, the professor may have made a case for the 'financial crisis' being ever-present as cracks in the system persist. 
In his opinion for The New York Times, Mihir A. Desai,  a professor at Harvard Business School and Harvard Law School, writes that,...
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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