Should we Invest in Bitcoin in this Winter of Crytocurrency
“In a way, the ‘warm winter’ is going to push out everyone who really wants to be there for short-term gain,” she told CNBC’s Street Signs Asia last week, emphasizing that cryptocurrency is a long-term play. When prices for digital coins stay low for a long time, this is called a “crypto winter.” Since the peak of a huge rally in 2021, the value of cryptocurrencies has dropped by about $1.9 trillion. the world’s largest digital coin, is about 68% below its all-time high of nearly $69,000, which it reached in November.
Yeung said that she still thinks digital tokens will do well in the long run because “crypto is really about Web3,” which makes them interesting. People in the crypto industry are talking a lot about Web3. Proponents say it is the next generation of the internet, one that is “decentralized” and not owned by a few big tech companies.
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