UK warns investors that investing in Bitcoin could lose all money
Bitcoin and other cryptocurrencies have continuously broken record highs since the end of last year. This hot market has also instantly attracted countless investors to run into the market for the highest peak.
However, starting yesterday, Bitcoin began to fall at an alarming rate, with a maximum drop of more than 20%, from the highest point of 42,000 US dollars to 30,800 US dollars.
Even now it has rebounded to about $34,500 and has fallen by $7,500 from the highest point. This volatility is much higher than that of stocks or other investment products.
Some investors joked that they were drunk as soon as they entered the market because Bitcoin and other cryptocurrency markets cannot be operated with traditional stock market experience.
In the face of such ultra-high volatility, British financial institutions have warned that if you are ready to invest in Bitcoin, you must be prepared to lose all your money.
The British financial regulator said that investment or loan products related to cryptocurrency are very risky, and some companies are currently offering the crypto-asset investment.
The British financial regulator said that certain companies are offering crypto-asset investments or loans or investment products related to crypto-asset investments and promising high returns.
If investors choose to invest in such products, they must be prepared to lose all their money, because these investments may be cleared under extreme market conditions.
As an industry regulator, the British financial regulator has imposed strict restrictions on the investment of encrypted assets, and strictly investigated certain companies to exaggerate and induce consumers to invest in encrypted assets.
And no company is allowed to sell cryptocurrency derivatives to retail investors, and operating such businesses without registered permission will be classified as a criminal offense.
As an industry regulator, the British financial regulator has imposed strict restrictions on the investment of encrypted assets, and strictly investigated certain companies to exaggerate and induce consumers to invest in encrypted assets.
And no company is allowed to sell cryptocurrency derivatives to retail investors, and operating such businesses without registered permission will be classified as a criminal offense.
Via: businessinsider
