Crypto Bloodbath

Crypto Crash

For anyone who invested at the top of the crypto hype cycle over the past few weeks, today is a reprise of “Black Tuesday.” By October 29, 1929, the Wall Street Crash had ended the Roaring 20s. This “very bad day” in crypto is a day where the faint of heart and newbies will take a gigantic beating, while HODLers will welcome the buying opportunity at bargain basement prices. The sun will come up tomorrow… or will it? Other than the obvious bursting bubble, is there anything to be learned from this brutal sell-off?

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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