Winter is coming.....for Crypto?

Dear Reader, The crypto market has shed nearly 1 Trillion dollars in valuation since early November 2021. Ethereum, the second-largest cryptocurrency by market capitalization, has dropped 36% since its November high. And Bitcoin isn't much better. The "king of crypto" has lost 39.5% of its market value since setting a new record at $69.044,77 on Nov. 10. So, what's causing the crash? Crypto isn't immune to the same market pressures that other technology stocks are experiencing. Just like the FAANG stocks, Crypto has been feeling the squeeze from the Federal Reserve's plans to taper asset purchases and raise interest rates several times this year. At the same time, many investors realize how volatile Crypto can be, and they don't like it. If it turns out to be a rough winter for Crypto, when can we expect the market to see Spring? While it's hard to narrow down an exact date for a rebound, Wall Street has narrowed down the desired price. Goldman Sachs analysts project that Bitcoin could reach a valuation of $100,000 per coin over the next several years. It's important to keep in mind that ebbs and flows are natural in the Crypto market. While other investors are hibernating during this Crypto Winter, now might be the time to separate from the market's bears. Goldman Sachs has proven that there's plenty of runway for the Crypto market to grow.

Andrew Graham Editor, Silver Ridge Market Report P.S. Claim your free copy of Unstoppable Prosperity now. This free 279-page book reveals a time-tested, proven strategy that can help you capitalize on the generational opportunity available today to help you thrive in all stock market conditions.

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