BITCOIN page 3

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In the summer of 2023, the popular cryptocurrency Litecoin will be halving. A significant event has already happened twice - in 2015 and 2019. Each time, a few months before this process, the price of LTC first went up sharply and then dropped. But in 2023, Litecoin halving could take a different path. And today we will tell you how it was before and how it may be in 2023.

If you set yourself a goal to make a list of the most popular assets of the last couple of years, Bitcoin is bound to be at the top - for many reasons, due to the excitement, which was created around it due to its increased rate, when it turned from a little-known but cheap crypto into a high-value asset for investments costing tens of thousands of dollars. In turn, this led to the popularity of digital currencies in general, they began to be noticed and actively traded by all: from retail traders to the largest financial institutions in the world.

During the existence of bitcoin and other cryptocurrencies, a large number of erroneous judgments have appeared about them, which continue to spread among people even now. This leads to cryptocurrency being treated negatively, as the vast majority of myths about digital currencies are aimed at discrediting them. In this article, we will look at the most popular of them and debunk them for good.

The year 2022 was rich in major shocks and bankruptcies of cryptocurrency projects - after each such event, all assets fall in price simultaneously. The current crisis was no exception: the transformation of FTX, the fourth-largest cryptocurrency exchange by turnover, into a full-fledged bankruptcy in a few days was a shock to investors.

Almost six months ago, in the world of cryptocurrencies, there was a high-profile scandal associated with the collapse of the stablecoin market - digital currencies pegged to the rates of the real ones. Now the crypto-financial market is shaking again: the first cryptocurrency - bitcoin - was rapidly falling, losing a quarter of its price. On November 10, its rate dipped below $16,000. Bitcoin's fall dragged alternative cryptocurrencies as well. Some analysts have already dubbed what is happening the "beginning of the end" of the cryptocurrency world - again.

Many people associate blockchain with cryptocurrencies, thinking that these concepts are synonymous. But in fact, blockchain is more than just the technology behind bitcoin and other digital currencies. Among other things, it has much broader potential than many people are used to thinking.

It is well-known that any crisis urges people to invest in reliable assets, to look for a safe haven for capital preservation and multiplication. The modern world offers a huge number of financial instruments with different levels of returns and risks. Being afraid of big losses because of the economic crisis, the majority of international investors prefer safe-haven assets and conservative strategies.