Financier Fred Wilson Predicts “Massive Cryptocurrency Crash”
In a new blog post, Wilson writes about his own experience in time the rise and fall of the dot-com bubble at the turn of the millennium, when many-company gained trust investors, and then collapsed, leaving investors with no than. He said that he then lost 90% of its assets, and only several successful real estate investments have kept him afloat. This experience served as a lesson for of all him subsequent investments, therefore, he advises making diversified portfolios, in which, in addition to cryptocurrencies will be several other assets.
is he writes about talking to a friend, as a result whom they are came to the conclusion about the “inevitability of a grand crash” in the cryptocurrency space. However, he declares, that people should not stay away of this market.
“I wrote many times in this blog that people should keep a certain percentage of their investments in cryptocurrencies. Topics, who are young and who sincerely believe, I propose to invest up to 10% or even before 20%. I myself continue to believe in it and speak in favor of this point of view. “.
“I wish I did this in time of the internet boom. I did not do of this then, but I did it the next time we made a ton of money. I learned from my own mistakes. I share this story with you so that you do not repeat their“, – wrote is he.