Crypto insiders describe the market as resembling the Lehman Brothers’ fallout
The cryptocurrency market has suffered a massive crash, erasing over $1tn off its market value. Crypto insiders speculate that the crypto market is experiencing its own version of the Lehman Brothers’ fallout. Bitcoin, Ethereum, and other cryptocurrencies have taken a beating in recent months, with Coinbase, the leading crypto-trading platform in the US, losing half of its value in a week and expressing concerns that users could lose everything. The recent crisis has raised questions about the future of cryptocurrencies, including whether the Bitcoin bubble has finally burst.
Critics call for immediate regulation due to the unregulated nature of cryptocurrencies
Critics have raised concerns about the unregulated nature of cryptocurrencies while insiders speculate it’s only a matter of time before governments introduce regulations to safeguard investors and prevent future crashes. With an increasing number of young Londoners investing in crypto, experts are worried about the possible impact on the city’s economy. Recent events have created uncertainty across different asset classes and have left young investors skittish about the future of cryptocurrencies.
Experts fear possible impact on London’s economy due to young people investing in crypto
Although this isn’t the first time the crypto market has crashed, experts worry that this time could be different. The market value of cryptocurrencies has fallen by more than half, and insiders are discussing whether this marks the start of a long ‘crypto-winter’. Some investors have voiced concerns that crypto will never recover from this period of instability. Others, however, are more optimistic, pointing out that the market will recover and noting that the crypto market tends to follow a cyclical pattern of crashes and recovery.
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