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Why cryptocurrencies rise and fall : Because cryptocurrency is not backed by assets or cash flow, the only thing moving crypto prices is speculation driven by sentiment. Currently working as the content lead for Australian startup CryptoTaxCalculator, Patrick has also covered the crypto industry for Canstar and The Chainsaw. Cryptocurrency may be a good investment if investors are willing to accept it is a high risk gamble which could pay off, but they also have to accept that there is a strong chance they could lose all of their money. In giving you information about financial or credit products, Forbes Advisor is not making any suggestion or recommendation to you about a particular product.
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