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.Share this articleLeave a commentJames GorrieAuthorJames R. Gorrie is the author of “The China Crisis” (Wiley, 2013) and writes on his blog, TheBananaRepublican.com. He is based in Southern California.Author’s Selected ArticlesOf Humans and Humanoids in ChinaJul 01, 2025Do CCP-Controlled Small Businesses in the US Pose a Strategic Threat?Jun 18, 2025The Rise of Militarism in ChinaJun 09, 2025The Great Fall of Communist ChinaMay 30, 2025Related Topicsblockchaindigital yuancryptocurrencies