SCOTT SIMON, HOST:

President Trump got elected with a promise to make the U.S. the crypto capital of the world. But more than a year later, things for cryptocurrencies keep getting worse. The price of bitcoin is now trading lower than when Trump got elected for a second term. We're joined up by NPR's senior business editor, Rafael Nam. Rafael, thanks so much for being with us.

RAFAEL NAM, BYLINE: Hey, Scott.

SIMON: How bad a decline are we talking about?

NAM: Oh, it's pretty bad out there right now. I mean, at one point this week, Bitcoin fell to as low as about $60,000 per coin.

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