Cryptocurrencies vs. Reality

The Winklevoss twins are known for walking away from Facebook with tens of millions in stock and other payments. More recently, they’re known for a new project: An asset management firm and a digital currency exchange that made them marquee players in the recent cryptocurrency boom and meltdown. There are other, more significant crypto players (think Sam Bankman-Fried) but the twins fascinate Tim O’Brien because they embody the sort of collision Crash Course lives for: between innovation and possible hucksterism, and between authenticity and possible manipulation. Crypto is one of the most revolutionary and over-hyped inventions of the 21st century and how the Winklevii intersected with that market is a tale that sheds light on finance and on financial bubbles – and on what happens when everybody thinks they can get rich quickly.  Joining Tim to discuss all of this is Lionel Laurent, a financial columnist for Bloomberg Opinion and someone who has spent a lot of time watching crypto evolve. See omnystudio.com/listener for privacy information.

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