I am in a few investor groups and although some have some crypto holdings, the main thinking is that it is a ponzi scheme and many of the coins are scams. You cannot change their minds, unfortunately. Also, alot of the investors are already very wealthy and do not feel the need to learn a new asset class. Which also makes sense when you think of the old adage, find something that works and then repeat, repeat, repeat.
Great article!!
Yeah, I can see that. I think there are some bad projects out there, but you have to learn not to bundle them all together. I also get the feeling a lot of people don't actually know what a ponzi scheme is and they just throw around that word because there is such a negative connotation behind it.
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Exactly Bozz. I think it is up to the younger, newer investors seeking their fortunes to try and exploit the opportunities of crypto. Let's see.