How a teacher's investment dream turned into a nightmare loss | Crypto

How a teacher’s investment dream turned into a nightmare loss

– In the UK, an estimated 2.3 million people had crypto investments at the start of 2021.
– The profile of crypto investors is skewed towards men over 35 and from the AB social grade.
– The median holding at about 300.
– Cryptocurrencies had become more normalised, with fewer people seeing them as a gamble.
– The government is changing the law to place adverts for crypto assets under the same rules as other financial promotions.
– MPs on the Treasury select committee recently launched an inquiry into the role of crypto assets in the UK.
– Duncan was introduced to bitcoin by a friend in the early 2010s.
– He watched as its value took off in 2017.
– In 2017 he was investing 100 here and there but in 2018, when the market crashed, he stopped.
– From 2019 he started to invest more regularly again.
– The idea of decentralised finance or DeFi, promoted in crypto circles, appealed to a worldview shaped by the 2008 financial crisis.
– Now he is loth to sell anything.

4873 How a teacher's investment dream turned into a nightmare loss

Leave a Reply

%d bloggers like this: