Investment in crypto is still seems like it is a ponzi scheme. many are fraudsters who just swipe away the amount investors has invested in. There was the time and wave when crypto just ruled everywhere but now i guess its time to stop and analyze whether the investment is good or just a scheme. Many are saying crypto is currently in a bear market. To be fair, it’s hard to tell with crypto. The inherent volatility of digital assets means that the direction of the market can change very quickly. Having said that, the crypto market has been in decline for close to three months now. Led by Bitcoin, which in November reached a new all-time high of US$68,500, the world’s largest crypto is now valued at US$37,992 – a drop of around 45%.Meanwhile, countries around the world are grappling with the potential impact crypto will have on their wider economies. Some look upon this more favourably, while others see it as a threat to economic stability. At a time when the the global economy is dealing with the fallout of the pandemic, which has caused lockdowns all over the world throughout the past two years, never has the determination of crypto’s impact on the wider economy been more important. recently there was news about russians blanket ban then there was news about North Korean hackers reportedly use stolen crypto to fund missile program. There is no surety if we will get back our money if invested in crypto market.
