Many crypto investors are still hoping their investment will again grow in value in the future. But many others feel burned by the crypto crash and are looking for other investment vehicles to generate profitable returns.
Imagine a plane that loses an engine and crashes uncontrollably out of the sky. That’s what the price of most cryptocurrencies has looked like over the last year.
Cryptocurrencies took a big hit recently due to the collapse of the FTX crypto exchange. FTX was once so big that its founder was one of the world’s ten youngest billionaires. It has now imploded into bankruptcy in a dramatic destruction of investor wealth.
Crypto values have dropped hard and fast, leaving many crypto investors wondering what to do with any money they have left from their crypto investments.
Will Crypto Values Come Back?There is no way to be sure what will happen in the future with crypto values. One challenge, in particular, is that crypto is a relatively new investment vehicle.
The crypto market formed just a little over ten years ago. Its short history offers little guidance as to whether it may recover from a crash of this kind.