Crypto Is Down. Here's Why It's Not Out.
The cryptocurrency market has taken some heavy hits in 2022, whether it was the collapse of Terra (CRYPTO: LUNA), a highly touted cryptocurrency that at one point was one of the most valuable cryptos by market cap, or the bankruptcies of crypto firms like Three Arrows Capital and Voyager Digital (OTC: VYGV.F) over the summer.
The bankruptcy of FTX was perhaps the biggest blow of all, with the fall of the high-profile, seemingly reputable, exchange dealing the crypto industry's credibility a black eye. However, it's important to remember that these are individual entities, not cryptocurrency itself. Crypto is down, but it's not out -- here are three reasons for long-term hope in the midst of the crypto bear market.
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Source Fool.com