Is Now A Good Time To Buy Crypto?

Is Now A Good Time To Buy Crypto?

I'm going to open today's article with a similar entry to many others that being Crypto Currency can be a good investment if you take into consideration the high risk and extreme volatile market that it is. Investment should only be done with research, professional financial advice and in a safe way.

Crypto Currency is known to be an extreme high risk form of investment and some have even likened it to a form of gambling. Make sure you do as much as you can to remain safe in the sector and mitigate risks.

But on that note, is now a good time to buy Crypto?

Market Uncertainty

If you're looking for an entry point into the Crypto currency market then you might be in luck and we use the word might here because it is a never know situation and each investment is a significant risk. But the current state of the market is in limbo due to the action being taken by Securities and Exchange Commission (SEC) against XRP, Coinbase and ongoing investigations and drama with FTX.

The latest court case against FTX showcases how Sam's brother was planning on buying an Island and one FTX executive received USD477 Million in shares for free.

As the investigations continue to deepen we find out the extent of poor management, failed corporate governance and alleged fraud for a number of years. But they're not alone in their endeavors and this is what is spooking the sector and keeping the current market prices low.

FTX Doom's Day Bunker

The island purchase coincided with plans to build a doomsday bunker incase human's became extinct, now it isn't an odd view and many hold those and we can't fault FTX for future thinking. But it also paints a picture of where their minds were at and it doesn't appear financial management was one of the focus points.

If you're not spooked by all this and still want to stick around and invest it is also important to note the thing everyone is waiting for is the SEC cases to conclude and regulations to take hold.

That's because the SEC is currently Driving the sector to mainstream brokers on wall street with banks and all the flashing lights and whistles. They think it will be easier to manage the sector that way.

So there is one thing in that is that we do know and it is confirmed that Crypto Currency isn't going to be shut down and it is here to stay.

CBDC's

Regardless of your view on them Banks are researching and developing CBDCs and no one really knows how they will operate in the sector as it is too early to say, but there is talk about them being used as a payment settlement across borders in real time.

So as the technology and research continues to be developed we know that central banks will play some form of a role in the sector despite it moving away from the initial reason why Crypto currency was developed as an alternative to the current financial system.

The XRP Effect

After the monumental decision of a New York hearing that stated XRP wasn't a security sold on centralised exchanges the crypto market was in that much hype that we saw some initial booms. But as it always is, it was over before it even started as many awaited the SEC to appeal.

As it turns out the SEC is appealing the decision and that's because the SEC is also taking Terra Form Labs to court who were led by Do Kwon and their initial project crash was the catalyst for what we are experiencing now.

So you might be thinking is now a good time to buy crypto?

It isn't an easy question to answer but given the current state of all the legal battlers and failed projects being brought in, it really looks like Crypto is now finally having their Dot Com moment. A topic we had previously raised on Leo Finance.

Give we are in the worst economic and political climate ever recorded for Crypto currency and Bitcoin is currently sitting at USD29,888 at time of writing and not USD0 it might be a good sign that people are backing the sector.

What are our readers thoughts? is now a good time to buy crypto?

image sources provided supplemented by Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.