UK markets closed
  • NIKKEI 225

    +0.34 (+0.00%)

    +65.39 (+0.23%)

    +0.27 (+0.37%)

    -8.70 (-0.49%)
  • DOW

    +322.58 (+0.95%)

    +1,153.12 (+4.82%)
  • CMC Crypto 200

    +53.30 (+6.78%)
  • ^IXIC

    +97.98 (+0.69%)
  • ^FTAS

    +11.72 (+0.29%)

Bitcoin price crash: Ask experts anything about the crypto market chaos

·2-min read
A market-wide cryptocurrency price crash in May has left many wondering whether it will recover (AFP via Getty Images)
A market-wide cryptocurrency price crash in May has left many wondering whether it will recover (AFP via Getty Images)

The crypto market is in the midst of one of the biggest crashes in its history, with experts divided over which way it will go from here.

Some analysts speculate that it is a repeat of the 2017/18 collapse – and that a long ‘crypto winter’ lies ahead – while others are hopeful that it may be just a dip on the way to new all-time highs later this year.

Bitcoin has lost more than half of its value since its record high last month, while the price of Ethereum (ether), Cardano (ada) and dogecoin have all plummeted spectacularly in recent days.

>> Follow all the latest updates with The Independent’s live coverage of the crypto market

The latest downturn was prompted by Elon Musk’s announcement last week that Tesla would no longer accept cryptocurrency payments, however news on Wednesday that China is cracking down further on the industry caused similarly heavy losses.

In an effort to make sense of all of this, as well as speculate on what the future holds for bitcoin and other leading cryptocurrencies, The Independent has invited two experts in the fields to offer their thoughts and predictions.

Dr Iwa Salami, a senior lecturer in financial law at the University of East London, and Fred Schebesta, a crypto advocate and founder of comparison platform, will join us.

They will give Independent readers an opportunity to ask anything they like about bitcoin and the crypto space.

To watch the recorded live stream for the experts’ answers click here

Was this crash expected? Is it a repeat of 2017? And where will it go from here?

Put your questions below and we’ll put as many as we can to our experts during a live stream that will be available to all registered users.

All you have to do is register to submit your question in the comments below.

If you’re not already a member, click “sign up” in the comments box to leave your question. Don’t worry if you can’t see your question – they’ll be hidden until we post the live stream recording in this article.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting