Here's why crypto experts are shrugging off the bitcoin crash

Bitcoin, the world's most valuable digital currency, dropped to near $21,000 Wednesday. It's lost a quarter of its value since Friday and is sitting nearly 70% below its high of $68,000 per coin in November. Long-term investors are shrugging off the extreme drops in the a value of digital coins and the breakdown of the exchanges that make them available to investors. The largest U.S. cryptocurrency exchange announced Tuesday that it would lay off about 18% of its workforce, citing a recession that "could lead to another crypto winter, and could last for an extended period" In the last decade, two prolonged crypto downturns saw bitcoin lose more than 80% of its value, but the coin bounced back — and then some Source