Cryptocurrencies are dying out one after the other, Bitcoin loses 70% of value

Image courtesy of www.pixabay.com

Is the cryptocurrency bubble about to burst?

More than 800 cryptocurrencies have gone bust in the past 18 months.

Bitcoin is down 70% since peaking in December.

The Money Show’s Bruce Whitfield interviewed Absa Stockbrokers and Portfolio Management Chief Investment Strategist Craig Pheiffer.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

There are about 1600 of them [cryptocurrencies]…

Craig Pheiffer, Absa

I view them as speculative…

Craig Pheiffer, Absa

India and China has banned them completely…

Craig Pheiffer, Absa

The first rule of investing is that you must understand what you’re investing in.

Craig Pheiffer, Absa

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