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?
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.
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?