Should I Buy Cryptocurrency Now, After Today’s Crypto Crash? What happened in the aftermath of the past crashes?

<p>Today's Crypto Crash: The 2017-18 Crash</p> <p>The Federal Reserve said in September 2017 that it would begin lowering the size of its balance sheet, a process that would last until early 2019</p> <p>During this time, Bitcoin rose from $3,000 to $18,000 in three months before plummeting to $3,000 over the next 13 months. It was then amplified by three over the next 12 months, then again over the next 18 months.</p> <p>The crypto industry was significantly smaller back then, about 5-10% of what it is now, roughly $100 billion, with Bitcoin alone worth $65 billion. The wealth of American households was approximately 92 trillion dollars at the time. US family wealth increased to $114 trillion in the second quarter of 2019.</p> <p>So, from 2017 to 2019, Bitcoin values more than doubled while US household wealth increased by approximately 24 percent.</p> <p>The current value of American household wealth is at $150 trillion. Not to add that cryptocurrency is traded globally. Global wealth has risen from roughly $280 trillion in 2017 to more than $400 trillion now.</p> <p>The bitcoin market is now worth approximately $2 trillion. In terms of national and global wealth, it accounts for less than 1%.</p> <p>Here is a synopsis:</p> <p>Prices doubled in 18 months the last time the Fed reduced the size of its balance sheet. While the rate of global wealth growth is expected to decline, bitcoin accounts for less than 1% of global wealth. As a result, there is plenty of space for growth. Cryptocurrency is increasingly finding its way into the wallets of wealthy and middle-class people worldwide. There have been numerous published surveys on the subject. Should I Buy Cryptocurrency Now, After Today's Crypto Crash?</p> <p>Will history repeat itself now? We'll find out in time. But what we know should give us hope for what comes next. However, the traditional debates about the utility of cryptocurrencies will continue to influence prices and valuations, so they cannot be disregarded.</p> <p>The trade is now yours to