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Business Matters: Bitcoin falls below $30,000 on China crypto-crackdown

Bitcoin falls below $30,000 on China crypto-crackdown

23/06/2021 GMT

BBC World Service - Business Matters, Bitcoin falls below $30,000 on China crypto-crackdown

The crypto currency hasn't been that low for five months.

The crypto currency hasn't been that low for five months

The cryptocurrency Bitcoin has fallen below $30,000 for the first time in five months, after China told its banks to stop supporting digital currency transactions. Winston Ma is the author of The Digital War: How China's Tech Power Shapes the Future of AI, Blockchain and Cyberspace, and brings us analysis.
Around 5.2 people became millionaires last year, making up more than 1% of the world's population for the first time in history. That's according to a report from Credit Suisse. We speak to Ruchir Sharma, an investor and author who has been researching the growing wealth of billionaires around the world. 
And Jason Berry of from the Mental Health Productivity Pilot, which helps employers to understand the link between productivity and mental health, tells us why Bumble's decision to give its employees a week off to 'destress' isn't necessarily a good idea.

Jamie Robertson is joined throughout the programme by Samson Ellis, Taipei bureau chief at Bloomberg in Taiwan, and by Alexis Goldstein, senior policy analyst at Americans for Financial Reform who's in Washington.

(Picture: Bitcoin cryptocurrency coins. Picture credit: Getty Images)

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