Investing in cryptocurrencies is both profitable (10x-50x-100x) and quite risky. Within a year, the market cap has grown about 10 times with new ATH tests. However, nothing stays the same endlessly. As we have witnessed, there are some red days in crypto. I do not think bull-run is over or there are fundamental problems related to crypto assets. The financial system is shaking and people choose to decrease the amount of investment that they have in "risky" assets. Thus, crypto is one of the first markets that is affected with the macro level cases. You can check what's happening in United States 10-Year Bond Yield to understand the case much better. VIX, US 10Y Bonds + Pandemic... #Cryptocurrency
1 comment
Important post