10% decrease. Cryptocurrencies on SALE?
Published: 26. 02. 2020 ·
The financial market turmoil has also spread into the world of cryptocurrencies and the market capitalization has dived by more than 10%. For those who bought on peak with short-term earnings in mind, this situation could be inconvenient. On the other hand, those who believe in cryptocurrencies as a long term investment, have the opportunity to celebrate now. The drop in prices offers an excellent opportunity to "accumulate".
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Disclaimer
Buying cryptocurrencies for a quick profit is very risky - prices may continue to fall and no one can guarantee profits. Invest in cryptocurrencies only if you understand the value they bring in the long run and if you have adequate risk capital allocated to them.
The vision of Deutsche Bank
Another big bank is stepping in with a vision for 2030, predicting cryptocurrencies to play a major role in the financial world. Moreover, Deutsche Bank is not shy to declare: "it will not be surprising if a new mainstream cryptocurrencies appear in the next decade". We know! That is why it is a good idea to invest in a dynamic portfolio that can quickly and cost-effectively adapt to the new situation.
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