We reiterate a Strong Sell rating for cryptocurrencies. We recommend investors take some profit off the table or cut losses and avoid buying the dip.Cryptocurrencies are not an inflation hedge, safe haven, not a stock, not a bond, but a speculative bubble and a payment method that can facilitate illegal activities around the world.We believe that Hawkish Fed and geopolitical tension (Russian invasion) will continue to plague cryptocurrencies, and they will continuously go down the slope of hope during 2022.Russians using cryptocurrency to bypass US Sanctions is problematic; we expect more governments to cripple bitcoin and other cryptocurrencies with strict regulation due to national security reasons.We view Gold as a superior hedge against geopolitical events (Russian invasion) and inflation.
XRP Price Prediction For 24 November
