Bitcoin and Ethereum hit all-time highs in 2021 before a big selloff, but experts say cryptocurrencies are poised for a banner 2022.
Bitcoin’s price rose to $68,521 in early November but dropped off sharply, now trading below the $50,000 mark. Despite the continued volatility, experts are anticipating Bitcoin’s value to reach above $100,000 by next year.And experts say that while the unknown is scary, we are at the beginning of financial services’ tech revolution and therefore everyone should invest at least some of their portfolio in crypto.
"The average investor should have a little bit of exposure," Mark Yusko, founder of Morgan Creek Capital Management, told FOX Business. "Start small, 1 to 3%, then increase overtime the same way you would with any asset that starts to accumulate in your portfolio." Amid the next technological revolution, and with the younger generation of digital natives more likely to embrace digital assets, crypto’s role in the financial system is here to stay, according to Yusko.
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