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Following a sharp increase in interest rates this year as the Federal Reserve and other central banks fought to control the highest inflation in more than 40 years, investors have been battling uncertainty and fear. Although higher rates can reduce inflation, they also slow the economy and increase the likelihood of a recession. That’s helped drag down the value of stocks, bonds, cryptocurrencies, and other investments.
On the other hand, cryptocurrency has taken the world by storm, especially during the last few years. Bloomberg says the total value of all these digital currencies has swelled to about $2 trillion. Of these, Bitcoin is the most popular, worth more than $800 billion in itself, according to CoinMarketCap.com. Investors have warmed to this digital gold rush, often with little knowledge and a lot of hope.
While investing in cryptos sounds like a great idea, finding...
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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...