This is an important time to be talking about cryptocurrencies. Bitcoin is down -56% from its December peak.
- Question: If you lost -56% of your money, what would your return need to be just to get back to breakeven?
- Answer: +128%
While skittish investors lost sleep over a -6% selloff in the S&P 500 over the past few days (before the bounce, of course)… cryptocurrency investors watched as $432 billion in total market capitalization evaporated into thin air… in just 30 days.