The future of crypto: After fall of bitcoin prices, is cryptocurrency a good investment?
- In June, Bitcoin had shed 70% of its value from an all-time high in November.
- Some advisors and influencers say cryptos are still worth considering for investment.
- While risky investments, the technologies underlying crypto will be transformative.
Over the past year, cryptocurrencies soared in popularity as superstar endorsers told would-be investors they didn’t want to miss the crypto train.
But by June, bitcoin had shed roughly 70% of its value from its all-time peak of $69,000 last November, and several so-called stable coins whose value was pegged to the dollar were worth a fraction of their advertised value.