It’s tough to stomach a 35% drop in any asset.
In the fourth quarter of 2021, bitcoin — the most popular cryptocurrency — hit a record value of more than $68,000 per coin.
It rocketed to that valuation in just 12 years. That’s impressive!
But the last two months haven’t been kind to cryptos, due to a hawkish Federal Reserve and the omicron variant of COVID-19.
It’s making investors more cautious.
Bitcoin Drops 35% in 90 Days
Because of that risk aversion, bitcoin fell 35% off its November 2021 high — the price dipped below $40,000 earlier this week — and other cryptos have fallen just as hard.
There was a rebound midweek, but rising inflation and uncertainty related to high-growth tech stocks (which crypto trades close to) isn’t a great sign for crypto’s near-term future.
However, my dive into the crypto space has uncovered different ways to invest in this emerging market. And it doesn’t involve the high-profile names you are used to hearing.
In this episode of The Bull & The Bear, I tell you how you can invest in this discovery.
My Cryptocurrency Resolution for 2022
In the most recent episode of our video series Investing With Charles, Green Zone Fortunes co-editor Charles Sizemore and I talked about our resolutions for the new year.
Pro tip: Watch it here.
I’ve resolved to learn more about cryptocurrencies … so, I’ve been doing a lot of digging.
The recent crypto sell-off gave me pause, but I know there’s potential in this sector.
I’ve already learned quite a bit, and in this episode of The Bull & The Bear, I share what I’ve discovered. I also give you a potential play for gains, even as cryptos struggle.
The Bull & The Bear
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Matt Clark, CMSA®
Research Analyst, Money & Markets
Matt Clark is the research analyst for Money & Markets. He is a certified Capital Markets & Securities Analyst with the Corporate Finance Institute and a contributor to Seeking Alpha. Prior to joining Money & Markets, he was a journalist and editor for 25 years, covering college sports, business and politics.