The first seven months of the year have been disastrous for most cryptocurrency owners. Estimates by coinmarketcap.com detail the magnitude of the losses. The global market capitalization of crypto assets, including cryptocurrencies and stablecoins, neared $3 trillion in November of last year. That’s trillion with a “t.” By global market capitalization, I mean the total value of significant crypto assets in existence.
By the time Super Bowl ads starring Hollywood A-Listers were running for crypto wallets, crypto had started its decline. Now the same source estimates the total crypto market cap to be close to $1 trillion, a decline of two-thirds in just over six months. Prominent cryptocurrencies like Bitcoin and Ethereum have seen similar declines.
We can’t do anything to recoup the losses from the past. Crypto assets may see a strong resurgence in the second half of the year, but their value is what another buyer will pay for the asset. There is a silver lining to the crypto cloud...
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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...