Hands-up who actually understands crypto-currency? Certainly not, I suspect, many of those who have put legitimate, hard-earned savings in to what has been and still is seen and sold as The Financial Future. That’s certainly how Messrs Trump and Musk see it, and their selfless enthusiasm has given crypto providers and the value of their crypto one heck of a boost. Attempts to regulate it will, I fear, be unsuccessful as I doubt the regulators have much more of a handle on what’s going on as the rest of us and certainly far less than the many dodgy characters and enterprises using it to move money around. And regulation does not and will not mean you’ll get your money back if it all goes pear-shaped. So how does it all work and what the heck is a BlockChain (the software behind it all). If you tried to buy Oasis tickets, or if you’ve tried to buy flights online recently, where you can see the price change from minute to minute based on supply and demand, well, that’s your best clue. And the trouble is, if you’re trying to sell, more than likely so are many others, thus (as I’ve heard on repeat from those who’ve given it a go) it’s never quite ‘the right time to get out’…
“Trade war: Stock markets rally as Trump rows back on Fed and China threats”
Yet another reminder, should one be needed, of how quickly things can and will change. A nod and a wink in the right direction from himself and/ or an underling can provide the solace the money men crave and turn a plummet into, if not a soar at this stage, then certainly a bounce.
