Cryptocurrency is often considered a safeguard against inflation. However, as current inflation remains high, and cryptocurrencies have crashed recently, some experts believe they can no longer be considered a long-term inflation-resistant asset. — Photo by Ruben Hanssen on Unsplash
STATEN ISLAND: Earlier this year, New Yorkers said they'd have loved to receive more than half of our salaries in crypto currency, but the recent crash has a lot of us wiping our brows in relief, surveys say.
Just how much would New Yorkers have lost in that scenario, now that bitcoin has dropped by 57% since January?
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