The Crypto Boom is Dead, Long Live The Crypto Boom

The following article comes from our friends at DC Finance Today.

Since mid-June, when cryptocurrencies experienced their last major sell-off, the crypto market has stabilized.

Bitcoin (BTC-USD), after briefly falling to prices last seen before the 2020-2021 speculative frenzy, is back above $30,000 per coin.

Ether (ETH-USD), best known by the name of its blockchain (Ethereum), after briefly falling below the $1000 per coin mark, has bounced back to around $1,900 per coin.

But before you try to sell into strength, or book a fast profit, think otherwise.

We are not into Ether, or any other cryptocurrency, as a short-term trade. Rather, as a long-term bet on the continued integration of blockchain technology into the established financial system.

The bubble may be long over, but don’t assume what played out in 2020 and 2021 was crypto’s last hurrah.

Especially for blue chip cryptocurrencies like Ethereum, still one of your best choices among the most widely-traded coins and tokens.

Here’s what I mean.

The Crypto Boom is Dead, Long Live The Crypto Boom

“Take the money and run” is the wrong call with ETH after its partial recovery in recent weeks, but that’s not to say last year’s crypto boom is fast coming back for an encore.

The most recent incarnation of the “crypto boom” (there have been several, 2020-2021 wasn’t the first time) is dead, and it’s not coming back.

In the near-term, the Federal Reserve’s “too little, too late” efforts to fight inflation with rate hikes stands to keep BTC, ETH, and the rest of the crypto field at depressed prices.

Yet while this last boom is over, a new boom will emerge in time. One based on three factors:

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