. He is left with a portfolio worth about £4,000 – a fraction of the estimated £40,000 he poured in. He remains sanguine: “I’ve got friends who have lost eight-figure sums of money.”
The study revealed cryptocurrencies had become more normalised, with fewer people seeing them as a “gamble”, and more as an alternative or complement to mainstream investments. While ownership is rising, the FCA study, which predated, pointed to a shrinking level of understanding, suggesting some did not fully understand what they were buying.
“Any investor considering adding cryptocurrencies to their portfolio must be fully aware that it is a hugely volatile market to be in, with the price often extremely unpredictable.”to place adverts for crypto assets under the same rules as other financial promotions such as stocks, shares and insurance products. The move follows concerns about misleading cryptocurrency ads.
Crypto or crappy
This isn't investing. This is gambling on a PONZI scheme.
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Source: FinancialReview - 🏆 2. / 90 Read more »