Fear is one of life’s primary motivators, and can unfortunately also be a strong deterrent when it comes to investing in new technologies. In the particular case of Bitcoin and other digital assets, people sometimes hear about large-scale “whales” manipulating the markets and they’re afraid to make an investment.
With the U.S. dollar proving itself over and over to be a deteriorating asset over time, investors need to be on the lookout for protection against the ravages of inflation.
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.
Cryptocurrency watchers and investors have seen the precipitous rise and retracement of Bitcoin, Ethereum, and other digital currencies over the past two years. With Bitcoin and other cryptos trading at a massive discount, how can we expect cryptocurrencies to perform in the coming year and what catalysts should we look for?
Following October’s volatile month in the stock market, cryptocurrencies have proved themselves to not only be stable, but relatively immune to major stock market declines. And compared to the U.S. dollar, which has consistently lost value over time, multi-year crypto ownership has been highly successful. But given its brief history, can we really say that crypto is better money?