Is crypto market doomed?

The Nasdaq Composite Index, a proxy for tech, is now down more than 13% this year. Bitcoin is down 21% while Ether has fallen 35%. Overall, the crypto market has lost more than half its value since peaking last November at $2.9 trillion .25 Oca 2022

Bitcoin is completely incapable of competing with well-established fiat currencies mainly because its owners prefer to hoard rather than spend , and this is the primary reason why in the last couple of months its value has soared up almost endlessly.

Cryptocurrency critics say the market is doomed mainly because of a lack of acceptance, the denial of applications for crypto-ETFs, and the future of regulation in the market .

Investing in crypto assets is risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency . A safer but potentially less lucrative alternative is buying the stocks of companies with exposure to cryptocurrency.