‘This storm will do some damage’: Irish expert on a tumultuous week for crypto | Business Post

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Donal O’Mahony, the Trinity professor some believe invented bitcoin, said it could take a month for the turbulence affecting cryptocurrencies to right itself. donalmacnamee97 reports.

The world’s most widely used cryptocurrencies have tumbled in value in recent days. Picture: Getty

As cryptocurrencies plunge, wiping hundreds of millions from the wealth of the market, a leading Irish expert has said it could take up to a month for the turbulence affecting the sector to right itself. But Donal O’Mahony, a professor at Trinity College Dublin, said he did not believe the crypto “storm” posed an existential threat to the future of crypto or decentralised finance.

 

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