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 ArticlesPutin and Xi Discuss Organ Transplants and Immortality in Hot Mic MomentSep 04, 2025Can the US Counter China’s Rare Earth Dominance?Aug 27, 2025Why Is the CCP Persecuting the Peaceful Falun Gong Spiritual Practice?Aug 20, 2025No Escape? China Stopping Foreign Executives From LeavingAug 19, 2025Related Topicsblockchaindigital yuancryptocurrencies