10:20 AM
Paul B
With a market capitalization of just above $500 billion, cryptocurrency volatility is nothing unusual, portfolio manager Jeet Singh told RT at the Davos Economic Forum in Switzerland.
Singh has been operating in the cryptocurrency space for the past 6 years and claims it is common for virtual currencies to fluctuate by 70 - 80 percent or even more.
At the moment there’s a speculative bubble in the cryptocurrency market because those who “got there at very late stages are losing money.” But it doesn’t bother those who’ve been there for a very long time because they are used to the volatility, Singh explained.
