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What is happening to cryptocurrency valuations as Bitcoin and Ethereum surge to record highs
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When it comes to the future of currency, there is a growing consensus that cryptocurrencies are set to play a major role. One cryptocurrency, in particular, has entered the public lexicon as the go-to digital asset: Bitcoin. For years Bitcoin has hovered around 80 percent, but in the last few months has fallen to below 50 percent of the overall market space— with currencies like Ethereum and Ripple taking its place.
It’s hard to be an experienced investor, or even a retail part-time trader not to think of a massive bubble when you see that some asset has increased more than 400 percent in just a few months. Over the past two months the rise and volatility has led to a tremendous surge in public interest, with mainstream news like CNBC and CNN explaining how to “invest” in bitcoin and other cryptocurrencies. Just make sure you’re doing it for the right reasons. Buy cryptocurrency to learn about it and transact with it. if you’re in tune with the cryptocurrency world, you’ll know the opportunities are endless. So, if you’re going to buy cryptocurrency, do it because you see the long-term vision or short term profits, not because you think it will blindly appreciate and give you a good return on your “investment.”
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
It’s hard to be an experienced investor, or even a retail part-time trader not to think of a massive bubble when you see that some asset has increased more than 400 percent in just a few months. Over the past two months the rise and volatility has led to a tremendous surge in public interest, with mainstream news like CNBC and CNN explaining how to “invest” in bitcoin and other cryptocurrencies. Just make sure you’re doing it for the right reasons. Buy cryptocurrency to learn about it and transact with it. if you’re in tune with the cryptocurrency world, you’ll know the opportunities are endless. So, if you’re going to buy cryptocurrency, do it because you see the long-term vision or short term profits, not because you think it will blindly appreciate and give you a good return on your “investment.”
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.