With a crypto winter setting in, are digital assets still the new gold? Or are they a risky mistake?
After a meteoric rise, it’s been a punishing year for cryptocurrencies as 2022 proves to be more than just a bear market for digital assets. Does this crash mean crypto is a bad investment?
Protection from economic uncertainty, high inflation and the ability to store value — these are the features that have attracted investors to hard assets like gold for generations.
In recent years, younger investors have ascribed these same features to cryptocurrencies. In fact, bitcoin’s outperformance of gold in 2020 sparked some market analysts to call the cryptocurrency the new gold.
But the latest price slide in 2022's high-inflation environment has reminded investors that cryptocurrencies — despite their easy portability, decentralization and fungibility — are volatile rather than protective assets.
After soaring to US$68,649.05 in November 2021, the price of bitcoin crashed by more than 70...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...