The Risk Remains

Another tremor rolls through the crypto market

Just like that, Bitcoin has fallen again.

Once more, a rush of uncertainty has swept through the crypto markets, driving down the price of Bitcoin and other digital assets. This time, investors got skittish late last week, when Coinbase, Gemini, Crypto.com and others announced they had cut ties with Silvergate, an industry-serving bank that has unceremoniously failed.

Bitcoin suffered a five percent drop on the news, and has struggled since. Other altcoins also dropped in price.

The reality is, uncertainty and doubt still linger around every corner. Sharks still lurk, ready to devour companies that are weaker that they appear. The washout has slowed down, but that doesn’t mean its over.

Still, many still see the long-term outlook for Bitcoin and digital assets as positive. One report even has Bitcoin adoption growing 50% by 2025. Will that happen?

Stay tuned.

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.