3 Reasons to Keep Investing Despite the Crypto Market Dropping
In 2021, the value of the entire cryptocurrency market nearly tripled. But so far this year, things haven't been as friendly to investors, as the market has dropped 25% (as of Jan. 27) in less than a month. This makes the 9% drop for the S&P 500 in 2022 look like a walk in the park.
Cryptocurrencies, and their underlying technology, the blockchain, certainly have the potential to change the world. But the industry is still so young and so unproven, not to mention the fact that digital assets are extremely volatile. These characteristics aren't for the faint of heart.
Nonetheless, I think it's best to zoom out and focus on the bigger picture. Don't let the cryptocurrency market crash scare you away from this burgeoning asset class. Here are three reasons to keep investing in it.
Source Fool.com
