Is the Correction in Cryptocurrency Permanent?

So why is Bitcoin down now and what are the prospects for a recovery in the future? Unlike other asset classes, cryptocurrencies do not exist in physical form.

They generate no dividends or interest like stocks or bonds, have no base tangible value like precious metals and have no central bank to maintain their value like sovereign currencies. But believers in this digital currency are undeterred. Cryptocurrency has a history of coming back from the newest low point to create an even higher high price. Will that happen again? While there is inflation and higher interest rates, it seems unlikely.

CRYPTOCURRENCY BEGINNINGS

Cryptocurrency is a  digital form of currency. The data behind a digital currency is typically stored in a digital ledger that is stored on a blockchain. A blockchain is a list of records that are called blocks and they are all linked together. These blocks indicate ownership, and this is how transactions of buying or selling are recorded. These transactions are recorded and stored in

these digital ledgers. You cannot change the data in one block without changing the data in all the blocks linked to it, so these transactions are considered safe and provable. The first decentralized blockchain