As record breaking temperatures have scorched the Northern Hemisphere, winter has hung over the crypto industry, with 2.25 trillion lost across the entire market in the past few months alone.
Yet a report released in June by technology consulting firm Capgemini found that approximately 71% of high-net-worth individuals (HNWIs) have invested in digital assets – a figure that rises to 91% for those under 40. Cryptocurrencies were reported as the favourite digital asset investment, followed by exchange-traded funds (ETFs) and metaverse investments.
It's true that this time it’s different, and the growing interest of institutions will doubtless lift us out of the downturn eventually. But if this latest research paints such a rosy picture, what are the underlying reasons we find ourselves in this crypto winter?
1. Hawkish Fed Policy
In the context of the US’ suUS'-soft monetary policy of recent years, the debt burden of the markets has grown significantly, while borrowing has been...
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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...