Baskadia

While volatility has always been part of the Bitcoin experience—the price did fall more than 80% in the year or so after late 2017—there’s more at stake this time. After all, major corporations, including Fidelity and PayPal, have invested millions to get into the crypto game. And thousands more everyday investors entered the fray after state governments imposed lockdowns and the federal government distributed stimulus checks.

There are real reasons why demand for Bitcoin has dried up, from the serious (signals of earlier-than-expected rate hikes from the Fed) to the absurd (Elon Musk’s tweets). Seasoned Bitcoin investors may intuitively know how to roll with these punches. But the Bitcoin-curious, who are just one more conversation with their crypto-enthusiast friend away from diving in, should ask themselves if they’re really prepared for the full monty.