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Why has crypto suffered its worst year ever?

Bitcoin image in gold
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The collapse of one of the most celebrated figures in cryptocurrency -- and his company, FTX, which has been fronted by stars like Larry David and Tom Brady -- could signal a more permanent decline in the crypto industry.

Why has crypto suffered its worst year ever? What should we know about it? One of the industry's most consistent critics is Josh Hermsmeyer, a writer for FiveThirtyEight. He joins us to take us through this stunning tale and look ahead.

Our guest:

Evan Dawson is the host of "Connections with Evan Dawson." He joined WXXI in January 2014 after working at 13WHAM-TV, where he served as morning news anchor. He was hired as a reporter for 13WHAM-TV in 2003 before being promoted to anchor in 2007.
Megan Mack is the executive producer of "Connections with Evan Dawson" and live/televised engagement programming.