Cryptocurrencies are not at their best. In November 2021, the most important cryptocurrencies reached all-time highs, but during 2022, all of them have been bleeding with losses close to 80% on average, which is known with a bear market. Against this backdrop, many people may be reluctant to invest in cryptos anymore. In today’s video, we tell you what other investments can be made:
Although cryptos are not dead, no one knows if the current low prices are the bottom or may continue to fall further. This uncertainty about the future of cryptos makes them not the most attractive option when it comes to investing. Still, this problem does not only affect cryptos.
Social, political and economic vicissitudes have left the global financial ecosystem badly bruised. Inflation is running rampant and it seems that virtually all traditional investments (with honorable exceptions, such as real estate) have been hit.
However, all’s fair in troubled waters. One of the effects of the market downturn is that everything is very cheap. And those investments that survive a destructive cycle will rise again in a bullish cycle. That is why, considering investing in the conventional stock market, can be a more than interesting option at this time.
On the other hand, investment in gold and precious metals has always occurred in times of crisis. Gold is one of the most used refuge values, and taking a look at the evolution of its price it is clear why: during the last 20 years, the price of gold has had a completely upward trend and a price increase of 423%.
Finally, it should be remembered that investments are not an obligation.and that if our economic situation is complicated, saving may be the most advisable option.
