When cryptocurrencies emerged in the market a decade ago, people were skeptical about investing in them.
However, with time, Bitcoin and other cryptocurrencies appeared to be winners due to their unique features like the transparency in transactions and giving handsome returns to the investors.
Although cryptocurrencies took the hammer during the pandemic, they were again on the bullish run during the end months of 2024. Check out the crypto influencers if you want to get into Bitcoin trading.
Bitcoin, Ethereum, and other crypto gained the lost foothold after the second quarter of 2024.
It was mainly due to streamlined decisions taken by various governments and central banks of different countries.
The currency that was not recognized as a legal tender got boosted due to the structured decisions of various countries in the world. The prices of cryptocurrencies were soaring at a breakneck speed.
The Future Predictions
As things were moving in a positive direction, the geopolitical scenario of the world changed from the mid-week of January 2024.
With the world divided over the Russian and Ukrainian wars, the sanctions imposed by various countries, cryptocurrencies considered digital gold for investment, are getting hammered daily.
The prices of Bitcoin, Ethereum, and all other cryptocurrencies are falling daily and only recovering some tiny percentage at times.
Even top-notch financial pundits are getting nervous about predicting the future of cryptocurrencies.
- Inflation Is To Be High – Inflation will be high post-war, and oil and gas prices will rise to a new high. The stock exchanges of all countries are bleeding red, and there will be a price rise for food grains and other essential commodities. If we look at the gold prices, we observe that gold prices are soaring daily. Cryptocurrencies will not be out of this bandwagon. It has started falling, and the changes are still negative.
- Hoping To Get The Foothold Back – The experts believe that if one has enough cash for investment even in complicated world economic scenarios and a high inflation rate, one can invest in cryptocurrencies when the prices are low. They all hope that countries will come out of inflation very soon, and the economic condition of the entire world will change. Therefore, taking some risk and investing in the bearish market is best to get good returns in the long term.
- Getting Good Returns Holding For The Long Term – With the present world economic scenario, it isn’t easy to get good returns in a short time. Dreaming of getting overnight or good short-term returns should not be expected by investors. As per pundits, investors should buy cryptocurrencies and hold them for a more extended period to multiply their investments in many folds.
- Conflicting Opinions By The Experts – Many experts feel it is time to get out of cryptocurrencies that one holds as they will get more hammering. At the same time, others think that when the crypto is bleeding to the extreme, it is best to invest for the long term and reap the benefits. It is a win-win situation either way. Experts are suggesting old investors sell their cryptos before they fall to a new low. They are also advising new investors to add cryptocurrencies to their financial portfolio when their prices are all-time low.
- Cryptocurrencies Will Stay – Whatever the geopolitical and financial conditions of the world, whatever the equations and solutions, cryptocurrencies will survive, and more and more countries are either legalizing them or introducing their crypto. Only the best trading platforms have good panels of financial experts on their platform, and they give an unbiased opinion on economics. One should select the trading platform wisely and get registered in them.
Conclusion
The market for cryptocurrencies may be gloomy, but it is sure to be overcome in the future and go for the bullish run.
Review the market conditions, read what the pundits say, and then invest in cryptocurrencies choosing one of the best trading platforms.
It happens in every money market, and one should keep enough patience to invest in the long term. At present, one should not forget to get a handsome short-term return.
