‘Prepare to Lose All Your Money’, Warn Crypto Investors – Entrepreneur

British analysts noted that digital currencies are high-risk speculative investments and could be a market bubble.

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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Investing in an asset as volatile as the cryptocurrency market is always a risk. The UK’s Financial Conduct Authority (FCA) has warned electronic currency investors that they are in danger of losing all their money. According to analysts, investment risks are compounded by scam activity .

The last few days have been dizzying for cryptic coins. Yesterday, January 12, Bitcoin depreciated about 20% , falling below $ 30,000, after marking a record high of more than $ 40,000 per unit .

In this framework, British specialists point out that investments and loan products related to cryptocurrencies carry “very high risks” .

“If consumers invest in these types of products, they must be prepared to lose all their money,” warned the FCA.

The body noted that cryptocurrencies are “high-risk speculative investments” and that those who buy them must be sure to understand “what they are investing in, the risks associated with the investment and any