Crypto Nomads’ Wandering Ways Face a Bear-Market Reality

During a bull market, an itierant lifestyle may be appealing. In a downturn, it may not be so feasible.

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(Bloomberg) — For many of us, the pandemic meant getting to know what it’s like to work remotely and in most cases from home. But in crypto, remote working had already been the norm for some time, with many of its ranks roaming the world year-round and logging in from dreamy locations like the sandy beaches of the Caribbean or the palm-lined promenades of Miami Beach.

When crypto prices were high, these roving crypto upstarts enjoyed the benefits of being a digital nomad, moving from country to country in an attempt to leave behind the stress, expense and bustle that’s often associated with large financial centers. 

But now that the market isn’t quite as sunny, many of these nomads have started trickling back to the financial hubs of the world. Bloomberg reporter Tanzeel Ahktar and Panther Protocol CEO Oliver Gale join this episode to explore the crypto nomad lifestyle and explain why, for the time being, some have decided to give it up. 

Follow us on Twitter @crypto, and subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter

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