“The biggest downside for crypto would be a vulnerability exposed in bitcoin, because it’s the most important blockchain and the one with the most value stored on it,” he added.
However, cryptocurrencies are highly volatile and their dramatic price swings can make it extremely difficult for investors to predict the future.
“Unless someone really has a crystal ball, it’s very difficult to be precise in crypto,” Lee said. “Drawdowns of 40% are really common and bitcoin makes most of its gains in 10 days in any single year. It’s tough to be too precise with crypto. It’s wide lanes.”
