Crypto is the most dangerous investment according to the Bank of Russia


Did you know that crypto is the most dangerous investment? I did not do it. Well, that’s what the Bank of Russia has to say about it. Their position in crypto remained strongly negative even after the increase in investment in the asset. Bank of Russia Governor Elvira Nabiullina said it is very easy to lose money in the forex markets, then added that crypto investments are even riskier.

Bank of Russia on crypto investments

Due to the volatility of crypto, many think it is a risky investment, but they don’t realize that volatility makes it special. Even Michael Saylor said volatility is the price to pay for outperforming the S&P Index by 10 times. But people often panic and sell their holdings when markets fall, resulting in huge losses and making headlines. So I can understand that the banks are worried that people will lose their money.

Image source: Financial Times

Elvira added that the bank does not recommend investing in cryptocurrencies even though it never gives such advice. Also in 2017, she pointed out that Bitcoin is fake money. And his take on crypto seems to have stuck to the same narrative over the years.

To me, his statements seem like a controlled way to promote this digital coin that the Bank of Russia could be working on. It is called the digital ruble and will help cut down on financial intermediaries. So, on the one hand, she is very skeptical about the recognition of crypto, and on the other hand, the Bank of Russia plans to release something of their own. This is why they receive a lot of criticism from the masses and even from the authorities.

So, is crypto the most dangerous investment?

When we think about investing in anything, we look at its past performance, its fundamentals, and its future. Starting with Bitcoin’s past performance, over the past 10 years it has seen a CAGR of over 200%. It is more than any asset. Speaking of fundamentals, we know that there will only be a limited number of BTCs and given its increasing adoption everything looks strong. So I personally think that in the long run it’s a very safe investment.

What do you think of crypto being called the most dangerous investment? Let us know in the comments below. Also, if you found our tent informative, like it and share it with your friends.

Also Read: Is China’s Crypto Ban Good For Bitcoin’s Future?


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