Cryptocurrency has been off to a bad start this year, with practically all the major names down by double digits. Unlike traditional assets such as stocks or bonds, digital currencies generally aren’t tied to real-world economic activity, so it is difficult to pinpoint exactly what went wrong in the industry. But experts, such as Bitwise Asset Management Chief Investment Officer Matt Hougan when talking to CNBC, suggest that it may be part of a recurring boom and bust cycle with no specific cause.
The good news is that historically, cryptocurrency has always bounced back from these types of dips. And so far, there is little reason to assume this time will be any different. Let’s discuss why Bitcoin (BTC +3.95%) and XRP (XRP +6.64%)…






