ftt.X cannot understand how any public/government pension plan would come to a risk assessment that crypto offers retirement grade investments; especially unregulated investments
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$BTC.X testing its 5 yr avg of 10-5k shortly?
$FTT.X seems that FTX had big names in Hollywood, sports and politics on its payroll to endorse its products/companies to advertise and gain public trust…lesson is never believe endorsements in financial related products and companies without reading and understanding the details…anything as unclear should be seen as unknown/extreme risk level
Short covering rally from closings on US futures crypto related contracts possible?
This continuing crisis shows again why the entire crypto world sorely needs a regulatory framework across borders to survive, stabilize and move forward to be of real usage and value
It’s periods like these when crypto shows that it’s unusable as a global currency but only as a risky asset to be traded..
All crypto, so far, is only good for speculation and trading,…it is way too volatile and subject to too many internal industry events, and therefore extremely risky to companies, to be of any use as a currency..crypto has yet to at least meet up to any of its broad benefits,…global standards and a regulatory framework need to quickly be developed to prevent the industry from sinking
Since all crypto currencies have no direct economic value the crypto prices need to show longer term stability and some sort of sustainability in order for crypto to be integrated into the economy; otherwise it will only create chaos and economic damage than any of the anticipated/advertised benefits
One of the value points and usage for crypto is their entertainment/advertising value..you probably would never get the same level, type and amount of news, drama, gossip and attention from other asset classes
One problem with crypto is that there is no floor for a theoretical fallout to a bottom(instant drop to zero) as every crypto has no intrinsic value such as a book value and earnings…after more than 10+ years crypto, in itself, still does not provide investors/society with economic value other than to create individual/ownership profits and gains; and only indirectly created/developed associated entrepreneurial businesses and the crypto eco ecosystem