Cryptos Risks are Structural, its Returns are not
Ganesh’s winning bet in the 1983 World Cup final was worthless because it was unenforceable. Crypto carries a similar risk. Even when prices move in your favour, weak regulation, custody failures, fraud, and legal irreversibility can wipe out gains entirely. As crypto returns compress toward levels seen in traditional assets, its risks remain open-ended. Without enforceability or recourse, a “winning” investment can still end in total loss—making crypto suitable, at best, only for speculative “mad money,” not for serious financial goals.
Cryptos Risks are Structural, its Returns are not Read More »