Retail investors who gained their first-ever exposure to wild cryptocurrency markets via the BetaShares CRYP ETF are starting to panic after the record-breaking investment fund plunged more more than 20 per cent over the weekend, it’s now almost 30% below last months high. The old saying that if it feels too good to be true it usually is feels like it applies to the crypto currencies at the moment, I know a number of Gen Z “youngsters” who’ve been telling me over recent months how much they’ve been making from Bitcoin and I could hear them start to extrapolate these winnings into next year, a very scary scenario which has come to its almost inevitable conclusion.
- We are now neutral Bitcoin but another 20% downside wouldn’t surprise us i.e. it doesn’t feel like time to buy the this particular dip.
MM is neutral the CRYP
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