Detalles de Insights

Volatility in the value of cryptocurrency is one of the factors impeding market growth. The value of cryptocurrencies is highly volatile. Therefore, low-risk investors do not include cryptocurrencies in their financial portfolios. The volatility in value is largely due to cryptocurrencies being held by a limited number of people who buy and sell in bulk on trading platforms and exchanges. In June 2022, Bitcoin lost more than 10% of its value in one day. This is a significant drop from November 2021, when Bitcoin was worth USD 69,000 per token. A bill released in India plans to ban cryptocurrencies and is poised to launch its own cryptocurrency, leading to the devaluation of several digital currencies. The coin fell more than 13% on the Indian exchange WazirX, while Shiba Inu and Dogecoin both fell more than 15%. Moreover, the lack of transaction charges, position charges, trade posting fees, and regulations on trading platforms also causes volatility in the value of cryptocurrency. Hence, people who hold a significant share of cryptocurrency manipulate the value to increase their profits without making any actual investments. Therefore, several investors, like Accel, Ribbit Capital, insight partners, etc, have refrained from including cryptocurrency in their financial portfolios, which is a challenge for the growth of the market during the forecast period$BTC