So why is Bitcoin down now and what are the prospects for a recovery in the future? Unlike other asset classes, cryptocurrencies do not exist in physical form. They generate no dividends or interest like stocks or bonds, have no base tangible value like precious metals and have no central bank to maintain their value like sovereign currencies. But believers in this digital currency are undeterred. Cryptocurrency has a history of coming back from the newest low point to create an even higher high price. Will that happen again? While there is inflation and higher interest rates, it seems unlikely.
CRYPTOCURRENCY BEGINNINGS