Fred Wilson, an American businessman, blogger and co-founder of Union Square Ventures has shared his opinion on cryptocurrencies.
And he thinks there's a crash coming.
In a blogpost he wrote last week, Wilson says:
“I am certain the big crash will happen. I don’t know when it will happen and I think it may be some time before it does.” - Fred Wilson
Wilson lost a chunk (90%) of his fortune in the 2000 dotcom bubble which at the time he says their portfolio was not diversified enough and urges / warns investors to diversify their portfolios to avoid losing their hard earned money.
WHAT DO YOU GUYS THINK?
You create your opportunities by asking for them. Have a good time!
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STOPWhat a rocket scientist. Of course it will crash. But it will go back up. And down. And up.
Thanks for sharing @nonannystate !
I agree in the sense that you should not put all your eggs in one basket... diversify to make sure you can keep some sort of balance to protect your investment.