With the world of crypto in crisis mode right now, it is the best time to invest in it. The Russia-Ukraine conflict combined with China and Russia completely banning cryptocurrencies led to massive sell-offs. These sell-offs resulted in the prices of cryptocurrencies going down a lot.
Also recently LUNA and USDT crashed and lost more than 90% of their value. This has had a tremendous impact on the people’s faith in crypto. Many people have thought of switching or just getting out of the crypto market altogether.
Although rough times lay ahead for crypto enthusiasts and users alike, it is more than likely just a rough patch. But the best part about the market is that blue-chip stocks like Netflix and Meta have also lost value these days. Only the S&P 500 has gained 1% in the last week.
But this means crypto has time to introspect and look back at what it has done. This is because crypto develops itself even further and will bounce back better than ever. This is why crypto is a great safe bet for the future, while others might suggest otherwise.
If you have had your eyes set on the crypto market then this is the perfect opportunity to get into it and start your journey. With prices of major players down and BTC showing signs of recovery, building a good portfolio will be easy and the returns will be very high in the coming times.
Have a varied portfolio and don’t put all your eggs in one basket and you should be good to go.