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 a business advisor and technology consultant. He helps Fortune 500 companies with digital transformation, media and marketing. Named LinkedIn's Top Voice in Technology, he is the host of the Shelly Palmer #strategyhacker livestream and co-host of Techstream with Shelly Palmer & Seth Everett. He covers tech and business for Good Day New York, writes a weekly column for Adweek, is a regular commentator on CNN and CNBC, and writes a popular daily business blog. Follow @shellypalmer or visit shellypalmer.com

Tags

Categories

PreviousAmazon Prime Day 2021: Tips, Tricks & Deals NextA New Search Engine

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.

Subscribe