Vice- American white nationalist Richard Spencer once declared Bitcoin as “the currency of the alt right.”
But now, Bitcoin and just about every cryptocurrency are in full-on crisis mode, because the crypto market has lost roughly $1 trillion in value since November. And some folks on far-right online message boards aren’t taking it particularly well.
Cryptocurrency has been a magnet for domestic extremists ever since payment processors like Stripe and PayPal scrambled to deplatform the far-right in the wake of the violent Unite the Right rally in Charlottesville in August 2017.
