The mother of all investment bubbles has formed in the cryptocurrency sphere. The article in the link below mirrors SFA’s thoughts, as we believe that Bitcoin, and other cryptocurrencies, literally have no intrinsic value. Investors are chasing fictitious “assets/investments” (like Bitcoin). A significant portion of this cryptocurrency investment money was likely obtained through stimulus checks, which has led to the impending collapse of the bubble.
When asked about the rising value of cryptocurrencies at a press conference Thursday, Bank of England Governor Andrew Bailey said: “I’m going to say this very bluntly again, buy them only if you’re prepared to lose all your money.”
Full listing of all disclosures (bit.ly/3lGX3mM)