Investor Ravi Sood explains the state of contraction surrounding cryptocurrencies. Sood discusses the how the Canadian crypto market’s preference for mining has been detrimental as the crypto space becomes institutionalized. Sood remains optimistic that the cryptocurrency sector has the capacity to rebound. Sood believes more uses and applications for cryptocurrencies can be developed, which will help revive crypto stock prices. Sood compares the investment value of gold relative to cryptocurrencies, believing gold to be the sure bet, but insists opportunities for cryptocurrencies will continue.
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#Bitcoin
#Blockchain
#Crypto