Cryptoassets  

Better regulation needed to justify crypto investment, advisers say

“[Crypto] is a drain on resources and contributes to climate change and a shortage of consumer products that require microchips,” another adviser said.

Another adviser added: “[Crypto assets] are mostly scams and run on the greater fool theory. 

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“[They are] worthless but there are a lot of fools in the world.”

sally.hickey@ft.com