Description
You've probably been hearing the words "craze" or "mania" a lot recently when reading about the world’s financial markets. In January 2021, the infamous short squeeze of GameStop—triggered by users of the subreddit r/wallstreetbets—caused short sellers to lose around $6b dollars globally. In February, Tesla bought $1.5 billion in bitcoin, and subsequently, Goldman Sachs restarted its cryptocurrency trading desk. In March, a JPG file NFT (non-fungible token) sold for $69.3 million at Christie's and Jack Dorsey's OG tweet sold for $2.9 million. By the end of March, 80% of U.S. IPOs were SPACs, although the mania has recently stalled. In April, Ethereum touched a new peak, with reports about the European Investment Bank's plans to launch a "digital bond" sale on the ethereum blockchain network. Finally, Dogecoin, which started as a joke designed to illustrate the absurdity of the cryptocurrency frenzy, is up—brace yourself— 11,900% this year to date. With all the craze we have witnessed so far this year, we at WHUIB in partnership with In Praxi have assembled a panel of expert alumni to discuss the impacts of these phenomena. We will be sifting live comments from you guys on all platforms for our guest speakers to answer on air. Join us May 12th at 7:00pm live on YouTube, Facebook, Twitter, and Twitch!
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