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.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 ArticlesAmerica’s Battle Against China’s Vast Spy NetworkDec 19, 2025How Tariffs Could Boost the US Economy and Fix the Trade Imbalance With ChinaDec 04, 2025America’s Thanksgiving Holiday ... in China?Nov 26, 2025The China EffectNov 25, 2025Related Topicsblockchaindigital yuancryptocurrencies