Loading ...Have just been reading about the Crypto carnage, where some of the stuff is down 99 %.
For a long time some have advocated Crypto’s as a modern Gold, as a store of wealth and no doubt many younger fund managers bought into this, not wanting to be seen as missing out on the latest wheeze etc. No doubt a lot of Crypto has been bought on that basis and held in Funds as a substitute. Plus many may have bought on margin…..especially young kids.
So have a lot of investors/funds had to sell everything, to bail out leveraged and non leveraged Crypto bets….I think that is highly likely and may well explain some of the PM selling these last weeks and once done do we have some real bargains around in PM’s…..I think so..