Everyone Thinks Crypto Is Over. Here's Why They're Wrong.
Most top cryptos are down big this year. But new pockets of growth in crypto are quickly emerging.
Overview
This summer, Wall Street strategist Tom Lee made headlines when he suggested that many investors were "rage quitting" crypto. These investors are tired of seeing AI and tech stocks soar in value while crypto assets continue to plummet.
At the time, billionaire Mark Cuban had just announced that he was selling nearly all his Bitcoin, and it looked like other top investors would soon join him. After all, Bitcoin is down 50% from its highs and ranks among the world's worst-performing assets right now.
Details
But maybe it's still too early to throw in the towel on crypto. If you're thinking about trimming your crypto allocation all the way to zero, you might want to rethink that decision.
Source
Originally published at www.fool.com.