Crypto Winter: Is It Worth Investing in an Ice-Cold Market?
— Digital, Money, Crypto, Market, Stocks, Cryptocurrency, Including, Icecold, Financial, Investing — 1 min read
The $2 trillion crypto market crash wiped out investor gains, cost thousands of people their jobs and obliterated once staple digital currencies. Despite gyrating prices and a relative lack of regulation, cryptocurrency is seen by many as the next financial frontier. Experts caution that investors shouldn't put more than they can afford to lose into crypto, which offers few safeguards, plenty of pitfalls and a spotty track record. The US government currently provides no deposit protection for crypto as it does for bank accounts, but this may change following President Joe Biden's March executive order to investigate the risks and potential benefits of digital assets. Despite all the hype, periodic crashes (and persistent risks) are persistent risks, experts say. You should be on the lookout for crypto scams Source