Reasons Why The Crypto Dream Is Turning Into A Nightmare

Cost Of Living Crisis

Most people don’t want to spend their hard-earned cash on an intangible investment during a cost-of-living crisis. The cost of gas is on the rise and regular folks can’t pay their rent. Needless to say, this is having a massive impact on the crypto world. Potential buyers aren’t taking risks at the moment.

This isn’t a shock because there are many unknown factors in the world right now. There’s a war in Ukraine with potential food shortages on the way. Meanwhile, European citizens are experiencing an energy crisis because Russia supplies most of its gas. It’s not an ideal time to risk their savings on a volatile purchase (via Euro News).