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Wednesday, December 7, 2022

Crypto Is Now The #1 Threat For Investors

With the price of ether up by nearly 200% since last year, investing in cryptocurrency can seem like the most obvious choice.

But as anyone who has been around too many crypto bros can tell you, it also comes with significant volatility and risk: cryptocurrency is, according to an annual report by the North American Securities Administrators Association (NASAA), the asset class that poses the biggest risk to investors.

“Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes and other frauds,” Enforcement Section Committee Vice-Chair Joseph Rotunda said in a statement.

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