Will Bitcoin Volatility Decelerate CRE Acceptance?
Cryptocurrency was on the cusp of mainstream acceptance with many title companies and other commercial real estate vendors adopting cryptocurrency as an acceptable form of payment. Will Bitcoin’s recent turbulence decelerate its momentum?
Three weeks after Bitcoin’s all-time high of nearly USD 69,000, Bitcoin has tumbled significantly to just above USD 49,000. The Fear & Green Index– a multifactorial crypto market sentimental analysis unit of measure- was 71 GREED a month ago, 33 FEAR a week ago, and a mere record low of 16 EXTREME FEAR today. The next update is expected today, December 6, 2022, at 7:00 pm EST.