Blockchain Operator Talks Impact of Crypto Market Volatility

Crypto market volatility affecting blockchain players

In 2022, there’s been a renewed spike in volatility for digital assets, with major cryptocurrencies seeing severe drops in value, resulting in renewed criticism for the class overall.

This volatility has brought has brought a similarly rocky period for companies involved in blockchain opportunities — over a year-to-date period until the end of May, shares of TAAL had declined in value by 48.42 percent.

When asked about the risks of operating alongside the ups and downs of cryptocurrency prices and the enthusiasm surrounding these investments, Baker told INN he’s confident that a lot of the less trustworthy players causing speculation in the market will be out of it in a few years.

“There's a lot of distortion in the industry,” he said.

As far as cryptocurrency investments gaining mainstream attention, Baker said this attraction is building more interest for longer-running opportunities within the blockchain world. The executive told INN that a company like TAAL has to monitor enthusiasm and the sentiment surrounding the world of blockchain.

But when it comes to the long road ahead he feels confident that investors looking for the next big thing will be able to see the opportunities in the blockchain world.

Investor takeaway

There’s no question that cryptocurrency investments have become mainstream in the minds of a significant number of investors — younger people in particular.

The challenge now is for investors to differentiate between the various opportunities becoming available thanks to the wider adoption of blockchain solutions.