In fact, cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed.
Despite the cryptocurrency Bitcoin’s wild swings in value and the turmoil, billionaire venture capitalist and bitcoin investor Tim Draper is confident about his prediction that bitcoin will reach $250,000 by the end of 2022 or early 2023, reports CNBC.
With the almost daily news coverage of cryptocurrencies, things can get overwhelming if you don’t exactly understand how the world of digital currencies works.
If you are one of those who track the investment space in technology, you must have come across the hot favourite cryptocurrency news and forums that are now raving about meme coins that have become the object of speculation frenzy.