Yes, obviously we have seen the effect of the FTX collapse, it's worth billions when a lot of big time investors being duped by SBF as well. So it's hard to recover from time specially that we still have the war looming in the background, inflation every where and now the FTX issues
So I guess everyone is really shaking our heads in the last couple of weeks, from a good rise above $20k to now $16k because of again what SBF has done. And the bad thing is that it's not bitcoin fault, it was an exchange with their token that brought this effect to us.
The market will recover, that is almost certain but it will take a lot of time. Even now it is predicted that the market will collapse even further due to the impact of FTX and other failed projects that deceived many customers, and the lowest price will be reached again. Best hopes of course about market recovery, but as I said it will take a lot of time which may be a bit difficult to achieve over the next year.
In crypto investments, as in any investment, everything is always associated with risk. Anything could happen. It is always better to do a detailed analysis before investing in anything.
Yes, in any other investments, there are risk involved, but there is also what we call mitigation. It's where how you cover those uncertainties, maybe you diversify your portfolio, not just in crypto but all across all other assets like stocks, mutual funds and even houses or land.
So probably that is the best weapon in this crypto prices and still the war at the background of it all, we investors should look for ways to make money.
Sooner or later though there will be recovery in crypto, bitcoin specially and maybe this SBF news will stick to us, but times will change and from bearish this year and next year, to bullish in 2024/2025.