Fundamentals Always Count

Digital assets quiet down as crypto winter blows colder

Only the strongest can survive a deep crypto winter.

That goes for assets, projects, and people. And right now, the winter is pretty cold. The implosion of FTX wasn’t the only major thing to happen since peak prices in November 2021, but it does feel like the investment class has wandered into a wilderness with no clear idea of where to go next.

How low can Bitcoin go during this bear cycle? Some are making dire predictions.

Few doubt Bitcoin will survive, and many say other strong coins will make it too.

There are those who are taking advantage of the quiet and stillness. El Salvador, for example, hasn’t wavered from it’s Bitcoin purchases. Cathy Wood says Bitcoin will be $1 million a coin by 2030 (take what you will from her extreme bullishness).

Meanwhile, the FTX case is slowly making its way through bankruptcy court and beyond.

And so the winter drags on…

The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.