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The Central African Republic has passed a bill to regulate crypto, adopting Bitcoin and other cryptocurrencies with a focus on inclusive growth.
Similarly, Ethereum’s move toward an eventual “merge” that would take it from proof-of-work validation to proof-of-stake validation continues to provide both bullish anticipation and anxiety for some investors.
Each of these top tokens has its own idiosyncratic catalysts and headwinds investors ought to consider.
Like equity investors, those in the crypto market appear to be pricing in continued headwinds from lower liquidity in the market stemming from rising interest rates and quantitative tightening.
Right now, it’s clear that an unfavorable monetary policy environment is likely to continue to affect the valuations of riskier assets for some time.
That said, there are many reasons long-term growth investors may remain bullish on cryptocurrencies.