Maddi Howell https://forexsuggest.com 1m 190
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
With the future of cryptocurrency uncertain following the recent crash, many crypto owners and investors may be concerned about the currency’s stability. However the crash may not be all bad.
Although in the short term, such a plummet in value may have a negative impact, the crash will help those currencies that survive to become even stronger. And it also provides an opportunity for first time investors to get a slice of the action for a fraction of previous prices.
Louis Schoeman, managing director at broker comparison site Forex Suggest, says:
“We are currently experiencing the biggest crypto crash in history.
With massive inflation data and the semi-collapse of the Celsius network driving the downward spiral, I think only the best fundamentally strong crypto projects will survive this bear market.
This is a cleansing process of note as we believe between 80% – 90% of the crypto projects will not survive this period especially if Bitcoin falls below $20 000.
But, it also serves as a massive opportunity for many no-coiners to enter the crypto market for the first time ever at prices not seen since 2017.
Fortune favours the brave in crypto right now.”