Mathisen Marketing

Your Marketing Blog

Is Crypto Really Dead: Here’s What Fundamentals Are Showing

Is Crypto Really Dead: Here’s What Fundamentals Are Showing

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Cryptocurrency has been called by different names – Wrong, Buzzy, Beguiling, Confusing. But it was never called a boring property to invest. This is because there is always something going on in the crypto world.

The King of Cryptocurrencies, who reached an all-time high of $69,000 in November 2021, is treading water for days with around $20,000. In fact, at the time of writing, the price dropped to around $16,000.

So is this a sign that the cryptocurrency bubble is about to burst?

Who knows?

There have been many cases where the cryptocurrency market just looks like a cloud that will disappear at any time. However, this has been happening for the past decade and we can still see the cryptocurrency stagnate in the market.

If you want to know if cryptocurrency is dead, you need to look at recent events.

FTX Exchange Collapse

If you are interested in the cryptocurrency market, you must have read the latest news about how FTX filed for bankruptcy. FTX was one of the largest exchanges, with more than a million users using the platform to trade and invest cryptocurrencies.

After its collapse, many traders and investors find it difficult to trust any other platform. Well, that’s how psychology works. However, you cannot use only one case and describe how one entity works.

In addition to the collapse of FTX, many factors have made the crypto market what it looks like now.

That being said, if this is the first time you’ve heard of FTX exchange, you’re missing out on the latest updates. Stay up to date by subscribing to oil-profit-app.com/de.

Rising inflation

Part of the appeal of crypto was that they were insulated and unaffected by inflation. While the value of fiat currencies worldwide suffered, many cryptocurrencies continued to grow steadily.

This gained people’s trust. Traders and investors began to see cryptocurrencies as a hedge against inflation. When the crypto market was at its peak, people called Bitcoin digital gold, and it was even compared to the value of real gold.

Unfortunately, the major cryptocurrencies were unable to consistently perform to their expected capacity over the past six months.

Part of the reason why people are not interested in crypto investments now is because it is no longer seen as a hedge against inflation.

Institutional support retreats

Institutional support, which was considered one of the main factors that would have supported cryptocurrencies, is retreating. Institutional investors kept a close eye and kept their distance.

However, when Bitcoin reached an all-time high in November 2021, institutional investors were quite attracted to the success. As a result, they began to show interest in participating in crypto investments.

In fact, earlier this year, Musk announced that he would buy $1 billion worth of cryptocurrencies to shore up the automaker’s balance sheet. In addition, several payment companies announced that they are adding new features to cryptocurrency trading.

However, last week Musk announced that they will no longer receive crypto payment for environmental reasons.

So, Is Crypto Dead?

If history and technological progress are any indication, the answer to the question “is crypto dead?” is a big NO!

Cryptocurrency has never been more popular than it is now. Almost everyone knows what cryptocurrencies are all about.

If we take everything we know about Crypto into account, one thing is for sure, Crypto is far from dead. Yes, the current event may have an impact on how they perform now, but that doesn’t mean it won’t change.

With better regulatory models and adoption of crypto, the future promises well for Krypto.


Press releases or guest posts published by Crypto Economy are submitted by companies or their representatives. Crypto Economy is not part of any of these agencies, projects or platforms. At Crypto Economy, we do not give investment advice and encourage our readers to do their own research.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

    Top 3 Ethereum Use Cases that will NEVER let Ethereum Die!

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase The crypto market has crashed since October 2021. A year has passed and the prices of crypto products are still falling. Despite this decline, it seems that Ethereum investors in particular are still looking for a brighter future. Ethereum is […]

    Read More

  • Aave Review 2022 – Is Aave Worthwhile?

    Aave Review 2022 – Is Aave Worthwhile?

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Quick Summary: Aave (formerly EthLend) is a DeFi platform that offers cryptocurrency bank accounts as well as cryptocurrency lending. Aave, like most DeFi platforms, is better suited for experienced crypto investors with a deep understanding of the investment market. This […]

    Read More

  • Can Oryen Network beat the leading P2E platform Calvaria?

    Can Oryen Network beat the leading P2E platform Calvaria?

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Play-to-Earn (P2E) games have become popular in the crypto market this year. These projects allow users to monetize their gaming time while getting the best blockchain deals. One of the newest, most popular P2E platforms is Calvaria. The trading card […]

    Read More