News & Articles
Crypto assets: handle with great care!
Brits owning crypto currencies as part of their financial portfolios have more than doubled between 2021 and 2022. This is an incredible growth rate when you consider how little we know about bitcoin besides its vulnerability. Technically it is an asset, but in reality, is it an investment in the true sense of the word, or a gamer’s spin on a virtual roulette wheel?
“Investments can go down as well as up”. We are all familiar with this ubiquitous caveat.
But with ever-increasing crypto trading schemes popping up (and down), should the caveat read “Your crypto assets could bomb at any time, or you might polish your shiny new Ferrari whilst encouraging others to join up!”
The questions being asked are, should the Financial Conduct Authority (FCA):
- Regulate crypto as an Investment;
- Issue warnings alongside its marketing;
- Or ban it and such ‘schemes’ altogether?
You can read the rest of the article and details HERE.
PLEASE NOTE: We, Greycoat / Money Life Balance do not comment or advise on such crypto schemes as they are not investments and not regulated.
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