“We want to make sure that people really understand the true impact of what they are getting themselves into,” said Topham.
“I am very sceptical of an asset class which has nothing behind it, nobody behind it, and not even an address anywhere in the world,” he said."
And I'm extremely skeptical of some finance d00s who pretends he's "clamping down" for my own good.
The only worthwhile lesson I've learned in life is DO NOT trust anyone who pretends they're an expert, especially when it comes to making financial decisions, and especially if it's someone who claims they care about you.
Do your own research.
An "an asset class which has nothing behind it", yeah sure, as opposed to the money-out-of-nothing printing scam that is today's financial system. This "nothing behind it" claim has been debunked over and over again. And yet so many still don't get it.
"He added that their view does not change the fact that many people are investing their savings in cryptocurrencies."
Yeah, because volatility or not, you'd have to be an idiot to keep your money in Rand right now given the fact that the fiscal cliff is coming towards us at the speed of light.
We all saw first hand what happened in Zimbabwe a few years ago when the chickens came home to roost.
People actually clamouring to get into Zim to sell crypto due to the inflated prices driven by a desperate people who had nowhere else to turn to after the dollar there also saw it's own gat.
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