Buying cryptocurrencies is like pinning a donkey.

My Solana is pumping ‘is not a phrase you would expect to hear at the school door, but last year’s playground conversation was full of corrupt speculation. Parents were gathering for big win stories in the Crypto Wild West, forgetting the gossip of PTA power trips and rising house prices.

And it was not at a private school in the Stockbroker Belt, but a regular, state primary in the Southwest, despite being in a relatively affluent area. In high school, these are teenagers who seem to be trading crypto, as they used to trade football stickers.

After spending a few hours peeking at the big screens to compile my morning market reports, I was knocked on the door of the classroom, showing the speed of coins and tokens.

Did these scribes do any research on what they were buying? Rarely. He was depositing his money in coins and tokens who benefited the most from the guidance of superstar pundits on social media.

While their children were playing with imaginary light patients, these parents were demonstrating the full power of FOMO. The fear of missing out was strong in them. My requests to block, watch and listen to the Financial Conduct Authority’s warnings went unheeded. My efforts to consider low risk investments were largely ignored. Only one friend cashed out before the accident, which was great when he arrived.

Bitcoin and other cryptocurrencies are expected to rise again like Phoenix from this latest crash and burning ashes. Hopefully like Boom, survivors could be the tech stars of the future.

But as favorite on the odds Reach the moon. Defeated in Ascot, they could have been equally disappointed. It is often said that investing in cryptocurrencies is tantamount to backing a horse. But unlike horse racing, which has centuries of history, the rules of the crypto game have yet to be written.

Regulators around the world have not decided how digital currencies should be controlled and stabilized, and what the role of the central bank’s digital currencies will be. Unless they do, speculating in the crypto is like pinning a donkey.

Regulators need to move forward and try to remove the blindfold that is leaving many corrupt holders in the dark alley of despair as losses increase.

In 2021, approximately 2.3 million Britons owned some form of cryptocurrency and an alarming 14% of holders went into debt for speculation.

The voices of the big city have tried to grab the megaphone to warn the crowd of speculators, and especially the anger has been reserved for the approval of celebrities. When the head of the Financial Conduct Authority spends his time with the Kardashians, it is clear that the clash of celebrities and crooks is a cause for concern.

(Ms Khardashian West with Kim Kardashian and Boxer Floyd “Money” Mayweather Jr are among those being prosecuted in the United States for allegedly making false statements promoting the cryptocurrency Ethereum Max.)

Outgoing FCA chair Charles Randall saved part of his speech for reality star Kim, saying that his Instagram story “Plugging Cryptocurrency” is the only access to the largest audience in history. With financial growth.

There were fears that speculation had reached such a level last year that a corrupt time bomb was exploding. Unorganized cryptocurrencies rose from 16 16 billion in 2016 to 3 2.3 trillion in October.

But the crash has wiped out more than $ 1 trillion in value for bitcoins and other currencies.

It has also pushed back government plans to make the UK an investment hub for cryptocurrencies and their innovations. Ministers have high hopes for making the UK tax system more competitive to encourage further growth in the corrupt asset market.

But if highly experienced management consultants who advise large companies on how to operate in this brave new world do not yet understand the principles of engagement, how can ordinary punters be expected to further their own Protect from financial loss.

Unless the possibility of crypto is low, investors should be careful with this fast-paced method of currency speculation and only touch the edge of any portfolio with the money they are willing to lose. Are

But if parents want to talk about interest rates, inflation and the impact on companies, I have cappuccino with cinnamon. But it has to be fast, because those screens are pointing.