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There is constant volatility across the crypto currency spectrum, with values often fluctuating quite markedly over short periods of time.
Two of the more popular coins, Terra and Luna recently crashed. University of Auckland Associate Professor Alex Sims teaches commercial law and is an expert on crypto currencies and their regulation, and she is a member of the executive committee of Block Chain NZ.
She says the failure of Terra and Luna are not indicative of the stability of others, but it does highlight the increasing use of stable coins, adding the crashes are not the first and won't be the last.
Dr Sims says greater regulation is desirable but is not necessarily the panacea and investors need to always be wary.
