Good news has been rare these days both for investors in stocks or cryptocurrencies. Stock investors face greater uncertainty. Stock prices have been driven by 40 years of lower interest rates. That game is over now and inflation is on the rise. That means higher rates. That’s bad for stock prices.
Over time cryptocurrencies will come to be viewed as anti-inflation tools and that could turn out to be very good news for all that have endured the volatility of recent times.
No Need to Be Negative
For investors in bitcoin, Ether and other cryptocurrencies, it is easy to sit back and proclaim that the worst is behind. After all is bitcoin going to fall another 55% or Ether by a further 33%? It is very unlikely for this to happen.
As painful as the last two weeks have been, let’s take a look at what was lost. The price of bitcoin is now back to its pre-hyperbolic move that began in late November of last year, but still 7,000%+ above February 2017 levels.
For Ethereum the picture is even better. The price of Ether is nearly three times last November levels. It matches the 7000%+ year over year gain of bitcoin. Where else can you suffer such losses and still end up this well off?
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