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It's Rico Daily. I'm Adam Clark-Estus.

Cryptocurrencies, everyone's favourite futurist at Get Rich Quick Scheme are cratering.

If you'd bought $100 worth of Bitcoin at its peak last October,

that investment is now worth about 50 bucks.

It's not just crypto that's losing its value either.

FinTech companies like Robin Hood and Coinbase have lost billions in value in recent weeks,

and meme stocks like GameStop and AMC, they're tanking too.

Even big tech companies are having a hard time.

Like, it's ugly out there, man.

That's Liz Lapato, who's been covering the crashing market for The Verge.

She's here to tell us if we're watching a bubble burst or just witnessing the kind of volatility

crypto experts have been warning us about.

Look, the stocks have been falling, but some stocks are falling more than others,

and so if you're one of those investors who got into the market during the pandemic,

because you know, you didn't maybe have anything else to do,

...