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Why cryptocurrencies are facing multiple headwinds
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Cryptocurrencies were marketed by their followers as a store for value, an asset that would be a hedge for inflation. They were expected to be an alternative to the fiat currency. Cryptocurrencies were also meant to protect investors from high volatility in the equity market.
But did they? The digital currencies performed very well till November 2021, just like the equity markets, but a series of events led to most of the cryptocurrencies, including Bitcoin, Etherium and Dogecoin losing 40 percent of their value. Structurally, the digital currencies received their...
Read more on moneycontrol.comAbout this in other media
Cryptocurrencies are the “new frontier” says financial researcher cointelegraph.com /2 years ago
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India announces plans to introduce ‘digital rupee’ and tax cryptocurrencies at 30% euronews.com /2 years ago
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