Why Bitcoin Remains the Financial Asset of Choice the Long Term
Too Long; Didn't Read
Bitcoin prices have dropped more than 50% over the past six months and the price heading for the ninth consecutive red weekly candle. Despite the pessimism Banking giant [JPMorgan said recently that despite the crypto crash, its estimate of Bitcoin's fair value is $38,000. Investors must remember that past performance is not indicative of future price movements. The mass adoption of crypto assets led by Bitcoin reached a tipping point in 2021 as venture capitalists poured money into the cryptocurrency market. Overall, VCs invested more than $30 billion in crypto assets and blockchain startups, with $10.5 billion invested in the fourth quarter of 2021 alone.