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U.S. watchdog calls bitcoin 'Wild West' of finance
Virtual currencies such as bitcoin are the "Wild West" of financial products because of risks including huge swings in exchange rates, the U.S. Consumer Financial Protection Bureau said on Monday. "Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market," CFPB Director Richard Cordray said in a statement. In a consumer advisory, the agency noted that bitcoin fell as much 80 percent against the U.S. dollar in a single day this year, exposing investors to massive potential losses. Other risks include the fact ... (full story)
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the approximate present does not approximately determine the future
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Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return:
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Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return:
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Everyone can see the chart, but only a few can actually read it.
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