NFTs have certainly grabbed plenty of headlines. Cryptos remain an investor favorite, however, with volatility continuing to lure investors away from more mature asset classes.
Monetary policy uncertainty and choppier FX markets have given investors all the more reason to jump across.
So, with even Bitcoin making an impressive 1,430% return since it’s 2020 low $4,000, a number of other majors have also made a move.
Recently, news hit the wires of a Shiba Inu Coin wallet holder’s asset value surging from an initial investment of $8,000 to more than $5bn in less than 1-year.
When considering crypto adoption and more widespread accessibility, returns of 10,000% and more remain a reality.
This is even more likely when considering how toppy the global equity markets are at present. With central banks making a shift on monetary policy, more seasoned investors will also look beyond the Dow.
With the crypto markets, there are likely to continue to be two camps.
Movements across the majors have been more sentiment driven. Cryptos are not yet close