With the recent dip I've seen lots of posts saying that the new Omicron Variant is the reason for the dip. This is completely unrelated, just ask yourself, would you sell crypto because of a new covid variant? Probably no, since you're not using it as a currency, and just holding it as an investment. Stocks will go down of course, because the companies are directly losing money because of the new virus. But there's not much connecting real world events and crypto markets. Moreover, fiat is the one who's going to suffer from this, it's going to cause inflation and even more people will invest in crypto to protect from it. What we're seeing now is just regular market movement. Bitcoin went down 5% for 3 days and then went back. This is almost nothing, it's just a (coin)cidence that it happend shortly after the announcment of the new variant.
No comments:
Post a Comment