Best of the financial columnists
Jun 04, 2021
3 minutes
A crypto disaster is on the cards
Claer Barrett
Financial Times
Young investors “hodling” their spare cash in cryptocoins, a “hugely volatile and unregulated asset class”, raises questions for “regulators, the wider investment industry and policymakers – not to mention parents”, says Claer Barrett. The potential for huge gains and “high entertainment value” explain its appeal, yet “endemic fraud, wild pricing swings and the ability to leverage trades makes crypto a dangerous place for unwary first-time investors”. And many young investors hold only crypto.
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