Crypto can be 'more risky' than penny stocks, is easily manipulated - Ronald AngSiy

- Aside from Bitcoin, Ether, and a few other cryptocurrencies with a high trading volume, investing in crypto is"more risky" than buying penny stocks, according to Ronald AngSiy, COO of CEO.ca, who previously worked as a blockchain expert.

He highlighted that Tesla stock has a market cap of $650 billion, while the entire crypto market only has a market cap of $1 trillion, making crypto"easy" to manipulate. "How that pain is manifested is hard to exactly say, because the crypto market is so small that you could have one or two front-end entities manipulate the price of whole crypto market," he said.

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Bitcoin trades near $22,250 as total crypto market cap climbs above $1 trillionCrypto prices staged a recovery in trading on Tuesday, with Bitcoin hitting a daily high of $22,370 while the total crypto market cap is back above $1.02 trillion.
Источник: KitcoNewsNOW - 🏆 13. / 78 Прочитайте больше »