Crypto owners lost tons of money lately, but the rest of us are fine... for now. : The Indicator from Planet Money The crypto market has taken a beating lately, and even though Bitcoin and other crypto assets are risky, they're becoming more mainstream. How concerned do we need to be about the recent crypto collapse?

Does Bitcoin have a grip on the economy?

Does Bitcoin have a grip on the economy?

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A Bitcoin ATM. Michael M. Santiago/Getty Images hide caption

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Michael M. Santiago/Getty Images

A Bitcoin ATM.

Michael M. Santiago/Getty Images

With Bitcoin free-falling in the market, the total value of crypto assets have dropped by two-thirds since last year. Should we be concerned? How much influence does the cryptoverse have on the wider economy?

The answer is always nuanced. But one thing is for sure: as risky cryptocurrencies become more mainstream, their influence over the overall economy will grow.

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