From wild mania to darkness and despair, Bitcoin and other cryptocurrencies have sent investors on a roller coaster ride of epic proportions since the end of 2017. Knowing his esteem among the financial community, Wealth Research Group sought the expertise of cryptocurrency authority Tim Draper.
Critics and fans alike are constantly making calls for a floor in Bitcoin and other cryptocurrencies. But finding a long-term bottom means understanding the circumstances that must take place before a new, lasting bull market can truly begin – and very few investors can actually identify these circumstances.
It’s one of the cruelest features of bear markets: as soon as you think you found the bottom, the markets have a way of shaking the tree one last time.
U.S. bonds are touted by the government as safe investments, but discerning minds know that there are better and safer ways to invest and get decent returns over time. Given the importance of blockchain technology and the fact that Bitcoin has the largest market cap of any digital token, could Bitcoin be considered one of the safest and best assets to buy and hold? In other words, could Bitcoin be the ultimate risk-free asset?
Investors who followed our picks are doing extremely well now, but investor sentiment towards Bitcoin is very different today compared to what we saw in 2017. What’s the best course of action for Bitcoin investors at this stage of the game?