Are Cryptocurrencies on Their Way Out?

The cryptocurrency market valuation is less than half of the $2.9 trillion it was worth in November. What’s going on with the cryptocurrency market? More people than ever before have been holding “cryptos” as a safe-haven asset to hedge against inflation and other central bank offenses. It wasn’t very long ago that investors were paying premiums to get into the hot crypto market action. Who could blame them? The Wild West of Cryptocurrency Investing The thinking behind investing in cryptocurrencies is basically sound. Unlike fiat currencies, cryptos were initially designed to hold their value, be inflation-proof and, thus, be a…