Making the right call in investing sometimes requires you to look excruciatingly wrong for a while.
Crypto is still in its infancy and may yet turn out to be a reliable financial asset we commonly invest in or use for making payments. What advisers got right was the idea of staying away during a speculative frenzy that could only end badly. The price of bitcoin, ethereum and other coins is down by half to two-thirds or more this year. FTX, a once-celebrated crypto exchange, hasAdvisers saw this coming, even while others in the investment industry viewed crypto as an opportunity.
Resisting crypto at its peak took some conviction because prices were rising so fast. Bitcoin pretty much quadrupled from November, 2020, to the same month last year, and other cryptocurrencies soared as well. To stand against crypto as an adviser was to risk coming off like an apologist for an outdated and decaying financial system – just the sort of thing crypto investors saw themselves as rebelling against.
A no brainer. Modern day snake oil. Ponzi scheme. Cyber criminals and terrorists favourite currency
Remember when Trudeau hired his brother to push crypto?
BOTTOM CONFIRMED
Don’t tell Peepee.