Cryptocurrencies Will Continue To Crash

by Forbes Middle East Forbes Middle East - Business News

Bitcoin, the worlds largest cryptocurrency by market cap, crashed below $10,000 for a coin today

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Review on Cryptocurrencies Will Continue To Crash

Several investment experts had previously warned investors of the volatility of cryptocurrencies. But there might be more bad news for those who have directed their fund flows into Bitcoin or any of the other cryptocurrencies. We list down the four reasons on why cryptocurrencies will crash further. Cryptocurrencies have no underlying value and unlike traditional currencies are not backed by the guarantee of a government. They get their value only because investors believe that another investor will buy the currency at a later date.