Turn on the financial news, read a blog, or pick up a copy of the Wall Street Journal and you’ll see one market segment is dominating the headlines: cryptocurrency. With Bitcoin’s meteoric rise and fall, as well as the addition of non-fungible tokens (NFTs) to the recent wave of scandals/bankruptcies of major crypto players, the segment continues to garner plenty of media/pundit devotion.
The question is whether or not investors should be paying attention at all. Is there any legitimacy to the sector considering the mania and recent waves of issues? The answer may be a tentative yes.
However, this is still an infancy play, fraught with volatility. Investors seeking steady income and stability need not apply. At least not yet.
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