2022 has been a bloodbath for the cryptocurrency market, and a traumatizing experience for digital assets investors.
The sector’s total market value collapse followed terraUSD’s crash — one of the most popular U.S. dollar-pegged stablecoins — which lost its peg, resulting in massive losses overnight. But bitcoin and ethereum have also seen dramatic price plummets from their November all-time highs.
Still, Deepak Chopra says investors can’t ignore the recent crypto market meltdown, but they should be able to see through it.
“The crypto world is in crisis, having lost trillions of dollars. We’re in a bear market,” Chopra recently told CNBC at Gary Vaynerchuk’s “VeeCon” in Minneapolis.
“Right now is the time to think long-term in these financial markets, including crypto. I think emergence happens when you have maximum diversity of people hanging in there creatively, complimenting each other’s strengths and having some kind of a spiritual and emotional ecosystem where they can help each other and that’s happening right now in the crypto community,” Chopra said
