
Cryptocurrencies including Bitcoin and Ethereum were down by more than 50% from their all-time highs towards the end of 2021, although they climbed to a stronger start-of-year in 2022. But again, they’ve taken a hit in the latter half of this year. The price of Bitcoin just climbed back to USD $19,000 in late September (two days ago, at time of writing) following a steep price drop, but it’s unclear whether it’ll continue to climb: prices have been fluctuating wildly, and the stability of crypto has come under scrutiny. According to economists and crypto journalists like George Goergiev, macroeconomics – and specifically, inflation – can drive the volatility of cryptocurrencies, because investors flock to more traditional currencies and investments that are seen as ‘safe’ (or at least, safer).