Michel Rauchs, research assistant at the Cambridge Centre for Alternative Finance, comments on why cryptocurrency and blockchain became so popular, why it is popular among long-term investors and why it’s important to understand how bitcoin works before investing in it. “I’m a bit concerned because a lot of these people have no idea what bitcoin really is or how it works, and they tend to just see it as a speculative asset with really high returns on investment. You risk magnifying the impact of a crash that will come. There’s no reason to think that there won’t be corrections. It’s exactly these people who will get burned first,” he said.
Read the full article [altfi.com]