The Investigator Newsletter
Volume 13 | Issue 2
November 8th, 2022
The future of cryptocurrency is still unclear. Although speculations can be made on what cryptocurrency holds for its investors, they must be made aware that crypto trading and cryptocurrencies are still new market niches. Accordingly, it becomes challenging when speculating on investments as there is not much history to base predictions. No matter what experts say no one knows what the future holds. Therefore, it is important that if you are choosing to invest, keep your investments small and never put them above any of your financial goals! It is very important that you are okay with “hypothetically” losing the money you put in.
Consequently, although popular cryptocurrencies have had great success rates, as of the first half of 2022, cryptocurrencies have seemingly plummeted. The question of whether they are going to go back up is uncertain; however, it is known that Bitcoin and Ethereum have gone down more than 50% since their all-time highs in late 2021. Bitcoin has lost more than two-thirds of its value since last November, dropping from $68,000 to as low as $17,500 during the late summer. Some experts predict that Bitcoin will drop even lower to around $10,000, while others say that it has already hit its all-time low. With the instability of the macroeconomic market, the crypto market has been taking a hit. Experts recommend that people keep their crypto investments to less than 5% of their portfolio, and while 2022 has been a rocky market for crypto, there is still hope. Predictions are being made that bitcoin will hit up to $100,000, explaining that it’s a matter of when and not if.
Similarly, although Ethereum is at its all-time low, investment gurus believe that it has the potential to climb. This is dependent on the success of Ethereum’s massive upgrade, which is transitioning its technology to a less energy-intensive version called “The Merge.” This technology upgrade promises to make its network faster, cheaper, and more efficient. If these promises are made, it is predicted that Ethereum could launch up to $4000 in 2022, some even saying as high as $12,000. As Bitcoin and Ethereum are the two most popular cryptocurrencies on the market, they are good indicators of what the future might look like. It is recommended that investors play the game smoothly and steadily, given the volatility of Bitcoin and Ethereum, especially if you are indulging in long-term growth potential. Furthermore, these stated shortcomings associated with the coins should not be a reason for one’s emotions to get ahead of the investment. The best thing to do is to not sell or forget about your investment when swings occur!
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