Sean Sanders talks about the latest trends in the cryptocurrency market.
Right now, putting your hard-earned money into a savings account that has a less than ideal interest rate does as much good as putting it under your mattress.
A savings account remains the go-to investment for most people who want to preserve their wealth in the medium to long term.
The crypto markets have survived some of the toughest economic conditions in a generation, with a global pandemic, conflict, and record inflation crammed into three years.
Throughout history, financial intermediaries have connected buyers to sellers, enabling the exchange and transfer of products and money that make up markets.
With Bitcoin and the cryptocurrency market growing at over 150% a year, it's easy to see why long term investors have been becoming more involved in this new asset class.
It cannot be denied, investing in cryptocurrencies like Bitcoin and Ethereum has proven to be a profitable choice.
The markets may be experiencing a volatile start to the year, but 2022 is gearing up to continue the adoption pace of crypto that 2021 set.
While we have seen a recent pullback in the crypto market, the phrase that continues to ring true is: ”It's not about timing the market but rather time in the market”.
Regardless of bull or bear markets, Bitcoin has returned over +27% a year for any 5 year period in its history.