And Mat Damon is not the only celebrity who’s pushed cryptocurrency.
For example, there’s Elon Musk. Read his more balanced quote further on
Some early investors may indeed have made millions of dollars in cryptocurrency including bitcoin. The jury is out on what comes next. In the chart below, you can see that recent investors have lost money. You don’t want to be a bag holder. Questions? Talk the pros at Successful Portfolios!
“I think there’s some value in cryptocurrency, but I wouldn’t say it’s the second coming of the Messiah.” – Tesla CEO Elon Musk as reported by CNBC
…this asset class is rife with fraud, scams, and abuse in certain applications. There’s a great deal of hype and spin about crypto assets and crypto projects. In many cases, investors aren’t able to get rigorous, balanced, and complete information on tokens or trading and lending platforms.
…right now, we just don’t have enough investor protection in crypto. The American public is buying, selling, and lending crypto on trading, lending, and decentralized finance (DeFi) platforms, where there are significant gaps in investor protection.
This leaves markets open to manipulation. This leaves investors vulnerable.
— Parker Evans, CFA, CFP, CMT (@HParkerEvans) February 11, 2022
— Parker Evans, CFA, CFP, CMT (@HParkerEvans) February 7, 2022