mlawson71 wrote: Fri Jan 15, 2021 3:44 am The UK financial regulator Financial Conduct Authority (FCA) issued a sharp warning to cryptocurrency investors to be prepared to lose all their money.
This warning was issued after a day on the cryptocurrency markets which saw 200 billion US dollars getting wiped out from the total value of all digital currencies.
“The FCA is aware that some firms are offering investments in crypto assets, or lending or investments linked to cryptoassets, that promise high returns. If consumers invest in these types of product, they should be prepared to lose all their money”, the regulator said, warning that crypto lending and investments are considered “very high risk”.
I am not surprised. Bitcoin's drop earlier this week caused a lot of damages, no wonder they're issuing such warnings.