Disaster-Proofing Your Crypto Portfolio
It's dicey out there; here are a few ways to protect yourself from a crypto apocalypse.
Crypto is risky, and abrupt market downturns make this abundantly clear.
Many tokens demonstrated this feature earlier this week when a host of assets found their valuations halved after a week’s worth of negative price action was compounded by a particularly brutal Sunday selloff. Despite managing to pare back losses on Tuesday, practically every token remains substantially underwater compared to June highs.
While DeFi protocols managed their risk as expected during this drawdown, the crypto industry has historically found itself dealing with bad debt and asset depegs during the most volatile market events.
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
