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Crypto’s Collapse Will Dish Up Some Humble Pie This Thanksgiving

Nov. 23, 2022, 1:00 PM

Polite company never talks politics or religion. This Thanksgiving, it might be wise to avoid crypto, too.

Last year’s digital asset investors basted themselves in Bitcoin riches. Then, the token traded just below the almost $69,000 all-time high set weeks earlier. By dessert time, the crypto hopefuls may have even sold the Baby Boomers on a token or two.

This holiday season, the Bitcoin bulls have less to be grateful for. The largest digital asset has plummeted about 70% since last Turkey Day. That drop might annoy the guests who bought in, including the Baby Boomers persuaded by their ...