Thinking About ChinaOpinionCryptocurrencies Are on Their Way Out00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintSouvenir tokens representing cryptocurrency networks bitcoin, ethereum, dogecoin, and ripple plunge into the water in this illustration on May 17, 2022. Dado Ruvic/Illustration/ReutersJames Gorrie6/1/2022|Updated: 6/1/20220:00X 1CommentaryThe cryptocurrency market valuation is less than half of the $2.9 trillion it was worth in November.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentJames GorrieAuthorJames Gorrie is the author of the 2013 book “The China Crisis” and discusses current events and China on his YouTube Podcast, The Banana Republican. Author’s Selected ArticlesJapan Accelerates Defense Spending to Counter China ThreatOct 29, 2025Former Chinese Official Threatens US With ‘Devastating Consequences’Oct 27, 2025China’s Shift to Debt Collector in Developing Countries—From Lender to Loan SharkOct 27, 2025China Envisions ‘Dry Canal’ to Compete With Panama CanalOct 20, 2025Related Topicsblockchaindigital yuancryptocurrencies