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Why the digital currency crash is hurting your tech stocks

Why the digital currency crash is hurting your tech stocks


Digital currency prices are generally volatile. However, the past few weeks have been particularly tough for digital coins. The best-known digital currencies have all lost about 20%-30% of their value since mid-May due to several factors. 

Faced with challenges, investors might be tempted to sell all their tech stocks. However, that would be a mistake since many tech companies still have plenty of room to grow over the long term. Instead, investors should stick with tech stocks that offer a good balance of growth and value and avoid companies that are too speculative or tightly tethered to the volatile digitl currency market.

Simply put, digital currency prices seem to be a barometer of the market’s tolerance for risk. As that tolerance declines, investors should reevaluate their tech stocks and see if they’re still worth owning.

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Gordon Fox
Gordon Fox is the editor of investinglate.com and writes about Investments, Savings, and how to make the most of your money