A Volatile Ride For Tech Stocks And Crypto As Worries About Inflation Resurface

Published by
ValueWalk

“Those niggling worries about the impact of a rise in interest rates on the value of future earnings are threatening to fast turn into a painful reckoning for many tech investors. The punchbowl of cheap and easy money being withdrawn from the party a lot sooner due to soaring inflation is inducing an early hangover for a basket of pandemic winners. It’s not just high growth stocks coming under the cosh, crypto currencies have been on another rollercoaster ride today as investors take fright from riskier assets. Bitcoin dipped below $40,000 dollars before bouncing back, as New Year resolutions …

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