The Cryptocurrency market has always been somewhat unstable, ever since Bitcoin was invented in 2009. Recently, however, there was a major crypto crash that many didn’t see coming!
This crash has been especially hard on Black Americans – 30% of Black investors own crypto, more than double that of white investors.
It may be the end of stablecoins, but cryptocurrency is probably here to stay, at least for now.
Edward Moya, a senior market analyst at foreign exchange platform OANDA, thinks cryptocurrency will likely rebound. “You can never say never, especially in cryptocurrency.”
While the signs point to the end of cryptocurrencies as we know them, this is not the first time the crypto market has crashed – in the past, it has recovered. All markets face periods of volatility. The key is to play them cautiously to see the best returns, and never invest more than you’re willing to lose.