Bitcoin: Only The Shadow Knows

 In the let the good times roll for cryto era, bitcoin peaked at 69,000. That was November 2021. Those trading in it seemed like the Smarties. 

That was then.

This week, posit the experts interviewed by Bloomberg, bitcoin could fall below 30,000. Recently in New York it had been at 30,339. Overall, it is hovering under 31,000. That represents about a 50% loss of its market value since that last year's high. 

The rest of this week could continue to be bad for bitcoin. Those supposedly in the know project that downward trajectory could go on for several more quarters. After that? As we boomers used to say: Only the Shadow knows.

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com

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