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Earlier I made a video in which I explained to you my financial plan for 2022. One of the things I told you in that video is that I do not invest in cryptocurrency. And some of you asked me for more details about why I don’t invest in crypto. In this video I will explain to you in detail why I don’t invest in cryptocurrencies. And I’ll even give you my personal prediction for the cryptomarket.
Disclaimer: This video is not financial advice and I am not an expert on finance or investments. This video is merely my personal take on some financial matters that look relevant to me. I don’t invest in crypto but I fully understand and respect others who do invest in crypto.
My 7 reasons are:
#1: My lack of knowledge about crypto
#2: The volatility of crypto
#3: The sprawl of thousands of cryptos
#4: The lack of intrinsic value of cryptos
#5: The limited protection against inflation
#6: The increasing government control over the crypto market
#7: The shady nature of many cryptos