A 35% drop in any asset is tough to stomach.
In the fourth quarter of 2021, bitcoin — the most popular cryptocurrency — hit a record value of more than $68,000 per coin.
Bitcoin rocketed to that valuation in just 12 years. That’s impressive!
But the last two months have not been kind to cryptos, as the Federal Reserve has become more hawkish and the omicron variant of COVID-19 rages around the world.
It’s making investors more cautious.
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.
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