Some of you may be feeling the same burn with digital assets. Like tech, blockchain has real, tangible, long-term use cases. Unfortunately, the pattern for consumer adoption of new innovation is to take it to extremes, and this was very apparent with crypto. Terra Luna, Three Arrows Capital, Blockfi, Celsius, FTX, and many others are all good examples of this. Not only were clients investing in crypto, but they were also playing around with leverage!!! It only makes sense that you’re factoring this into your investment strategy by generally telling clients to stay away from or avoid this speculative asset class.
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