Will crypto crash?
Will crypto crash?
If you’ve invested (or are considering investing) in the crypto market, should you be worried about the most recent crash? Here’s what you need to know. Will crypto crash again?
Should you worry right now?
Although this most recent crash can be intimidating, the good news is that this is nothing new for cryptocurrencies. Bitcoin has lost more than 80% of its value on multiple occasions, and it’s always bounced back. Ethereum even lost nearly 95% of its value back in 2018, yet it was able to recover. The trading strategy is different this time and Thirdbrainfx can help you predict with our expert advisors and an enormous selection of indicators.
While past performance doesn’t predict future returns, history has shown that the biggest names in the crypto space — namely Bitcoin and Ethereum — have been able to withstand volatility. Again, this doesn’t guarantee they’ll always recover, but both of these cryptocurrencies have seen worse and were still able to survive.
As with any investment, the key to building wealth is to hold your investments for the long term. Cryptocurrency is still finding its footing, and if it does succeed, it could take years or even decades to become mainstream.
Should you invest $1,000 in Bitcoin right now?
Before you consider Bitcoin, you’ll want to hear this.
Our award-winning analyst team just revealed what they believe are the 5 best stocks for investors to buy right now… and Bitcoin wasn’t one of them.
- Electric-car maker Tesla bought $1.5bn of bitcoin in February
- Morgan Stanley became the first big US bank to offer wealthier clients access to bitcoin funds – albeit restricted to no more than 2.5% of an investor’s total net worth in March
- In June, Elon Musk says Tesla will likely accept bitcoin payments again when more than 50% of its energy usage comes from renewable sources
- Amazon posts a job ad for a “Digital Currency and Blockchain Product Lead” prompting speculation it will soon accept bitcoin as payment
- El Salvador is making bitcoin legal tender from September 7