Bitcoin Crash vs. Real Assets: The Safety Warning From Upalapadu Pratakota Shiva Prasad Reddy
The Panic Button vs. The Power Switch If you checked your portfolio this morning, you likely saw a sea of red. The crypto markets have taken a massive hit following the Federal Reserve's decision on interest rates, with over $1.7 billion in trader positions wiped out in hours. Social media is in a frenzy. But amidst the digital panic, [ Upalapadu Pratakota Shiva Prasad Reddy ] , Chairman of the Premidis Group , offers a different perspective. He sees this not as a disaster, but as a "clarity moment." "Digital assets are built on sentiment. When the sentiment turns, the value evaporates," says Mr. Reddy. "But a power switch? A factory floor? A logistics hub? These things have value that no interest rate hike can delete. That is why we bet on the concrete economy." The Pivot to "Real" Wealth The crash in Bitcoin comes at the same time that gold prices are stabilizing near record highs. Upalapadu Pratakota Shiva Prasad Reddy believes this is...