The large bitcoin options expiry is expected to cause price volatility, with previous large expiries attracting investor attention and analysts predicting that the expiry will cause investors to either double-down on risky bets or unwind their positions, causing concern among already nervous investors.
For the second time this year, Iran has ordered crypto-mining operations to stop down in order to avoid blackouts.
Iran has ordered all permitted crypto-mining facilities to shut down until March 6 next year in order to avoid blackouts as the country’s power plants struggle to keep up with demand.
Cryptocurrencies are, of course, extremely volatile, and previous success is never a guarantee of future results. However, if you’re a risk-averse investor with a long time till retirement, I believe it’s a good idea to have a small bitcoin stake (maybe 5%) in your portfolio. With that in mind, long-term investments in Bitcoin (CRYPTO: BTC) and Chainlink (CRYPTO: LINK) appear to be sound.
Despite a significant price decline, long-term holders have barely reduced their bitcoin investments in recent weeks, according to data from analytics firm Glassnode.