Billionaire investor Bill Gross slams the hype around Cathie Wood, with Ark's flagship fund lagging top tech stocks
Business InsiderMAY 2023
As the global banking sector descends into chaos, cryptocurrencies, especially Bitcoin, have acted as a safe haven for investors. Mainstream media outlets and traditional finance entities have tried to scapegoat crypto as the root of economic problems, but policy mistakes by the Fed and legislators are the real issues. Cryptocurrency is the solution to many problems, not the cause.
Investors are looking for reassurance as several major banks are collapsing, but cryptocurrency is not a safe place to put your money. Cryptocurrency is still immensely volatile, and platforms fail regularly. Also, cryptocurrency does not have the same protections as traditional banking and stocks, making it even riskier. Overall, cryptocurrency is not a wise investment amid financial uncertainty.