There were so many signs, huge banners even, pointing to the fortunes that might be lost by investing in crypto bitcoins and the like. In a totally unregulated world, there were many scams from even the earliest days of this new currency’s invention (listen to the BBC’s ‘The Missing Crypto Queen’). Bitcoin was made legal tender by the Central African Republic, El Salvador and Panama, places in which you’d be unlikely to make an entirely legal investment. Then in lockdown, lots of bored amateurs jumped on what they thought was an easy-money bandwagon and the bubble expanded to bursting point. And now it’s burst. Although it’s highly likely that someone will re inflate it in some form, it’ll be too late for most.
“Cryptocurrency yesterday Govt announces crackdown on cryptoasset ads”
Cryptocurrency Bitcoins are to become legal tender in Panama, Guatemala and Paraguay, joining El Salvador as pioneers of the future of world economics/likely homes for lots of dodgy money, delete as appropriate. I can’t see much of the population of any of those...
