Thinking About ChinaOpinionCryptocurrencies Are on Their Way OutSavePrintSouvenir 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.Share this articleLeave a commentJames GorrieAuthorJames R. Gorrie is the author of “The China Crisis” (Wiley, 2013) and writes on his blog, TheBananaRepublican.com. He is based in Southern California.Author’s Selected ArticlesThe Rise of Militarism in ChinaJun 09, 2025The Great Fall of Communist ChinaMay 30, 2025China’s Big Influence on the US Housing MarketMay 29, 2025Breaking Communist ChinaMay 13, 2025Related Topicsblockchaindigital yuancryptocurrencies