Tales from the crypto
Crypto has spent much of the past decade cultivating an aura of inevitability. From early adopters to institutional allocators, the narrative has steadily evolved from fringe experiment to “digital gold” and, in some quarters, a supposed hedge against everything from inflation to geopolitical instability. Yet the reality is more nuanced. Crypto is not a panacea and it is not an invincible asset class. Treating it as such risks repeating some very familiar financial mistakes.
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