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Is the worst over for bitcoin and the rest of crypto?


mark

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Shares of Coinbase, Square-owner Block (SQ), top bitcoin miners Hive (HVBTF) and Riot (RIOT), crypto bank Silvergate (SI) and software firm MicroStrategy (MSTR), led by crypto evangelist Michael Saylor, have all plummeted in the past month. But is the worst almost over? After all, volatility has been a constant in this still nascent industry. Crypto is notorious for big plunges and stunningly epic comebacks. This is not the first crypto winter, as long-term fans of bitcoin can attest. There were massive corrections in 2018, the early part of 2020 and the summer of 2021 as well. So could crypto prices and stocks stage a rebound in 2023? Some crypto bulls think so…but they believe that investors need to have more reasonable expectations.

 

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