An expert has warned that some cryptocurrencies will probably not survive this week’s market crash.
Whereas in March Bitcoin was trading at close to $50,000, this week it is worth around the $30,000 mark.However, the Bitcoin investors can at least thank their lucky stars they didn’t invest in Terra Luna; last month it peaked at $118 but on Thursday you could buy it for $0.09 - an extraordinary devaluation by anyone’s standards.
“Clearly, there’ll be a shakeup and certainly some currencies won’t make it - and maybe the currency Terra Luna… But certainly, I think Bitcoin will almost certainly come through it. He also told investors to be aware that crypto was still quite a recent invention and that it was highly volatile:
$0.09! They wish. It's currently valued at $0.00001.
Short everything!
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