Crypto Spring

Era of Digital Finance, Book 1

De: Lawrence Wilson

Narrado por: Martin Landry

The history of past financial crises and recessions has proven that downtrends in the stock market or any market are natural. And although they might be painful, they are part of the economic cycle. They lead to unemployment and, for a certain time, a distinct level of uncertainty in the stock market.

This pattern of events occurs with cryptocurrency, most especially Bitcoin. It is volatile, like most cryptocurrencies, and has a long history of busts and booms that many investors wonder if adding cryptocurrencies to their investment is a wise decision.

2022 dealt hard with cryptocurrencies, Bitcoin especially. The crypto lost more than half of its value from the previous year. In November 2021, Bitcoin hit $69,000, a record high. Just a year after, it plunged to below $16,000. More than four-fifths of its value. What was the cause of this? How would an investment that gave investors a roller coaster ride the previous year be heading in the opposite direction?

Understanding what the future holds for Bitcoin will require you to understand the state of Bitcoin, past and present. From its launch into the digital finance era, it took the crypto asset more than eleven years to hit $20,000, yet it only took three weeks for Bitcoin to lose more than that amount. At the beginning of 2013, Bitcoin leveled at around $13.40, but it went up to more than a thousand dollars before the end. It was a very important and decisive moment for investors as they witnessed Bitcoin fall from $1,156 to $760 in three days. This trend in Bitcoin shows the unpredictability this asset is tied to, and if Bitcoin will ever rise is a question this book is set to determine.

©2023 Lawrence Wilson (P)2023 Lawrence Wilson