Here are my thoughts on the 2022 crypto crash...
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The crypto market has crashed. Bitcoin is down around 70% from its all time high, Etherium is down closer to 80%, and many cryptocurrency platforms are collapsing. They are laying off their employees, freezing withdrawals of their users' money, and are having to be bailed out. And if you bought bitcoin anytime in the last one and a half years, you are now underwater on your investment.
So let's talk about why crypto is crashing, because what I’ve noticed is that most people people invested in crypto, and most people in general to be honest, don’t read financial news on a regular basis, so they aren’t too aware of how the state of the economy right now is contributing to falling crypto prices. They tend to point the finger at things like the collapse of Terra Luna for why crypto is dropping, but really it is a lot deeper than that. I would say the reasons for the crypto crash fall under three main categories…there’s the macroeconomic factors, you know, things happening to our broader economy, then there's the crypto specific factors, which are all of the bad things that have happened recently to certain coins and companies in the crypto space, and then there's another overarching reason that I want to give my thoughts on, and this is something that a lot of youtubers and financial news journalists tend to forget about when talking about why crypto prices are falling.
And just so you guys know, it might sound like I'm super anti-crypto because I’m going to be talking about the reasons why the crypto market has crashed, but I'm actually pretty neutral on crypto overall. I’m not the kind of person to recommend you invest all that you have into crypto , but I’m also not so skeptical to believe that all crypto is a scam or a waste of money. So I’m really not biased on either side, I’m just simply giving you my thoughts on the crypto crash.
Topics Covered:
In this video I talk about the 2022 crypto crash, bitcoin crash, all the latest crypto news, dogecoin, etherium, the impending recession, inflation, interest rate hikes, the crypto bubble, Celcius, Coinbase, Terra Luna, why is crypto market crashing, why is bitcoin going down, why is bitcoin crashing, my bitcoin prediction, the stock market crash, and other cryptocurrency news.
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Everything in this video is of my own opinion and could be wrong. I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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