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CRYPTO COLLAPSE – WHAT’S GOING ON? | Asanka Weeratunge
Manage episode 358983182 series 3459875
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Asanka Weeratunge, Financial Markets Trader & Programme Manager at London Academy of Trading, talks to Clayton M. Coke of Podcast Radio Business to discuss and break down what is happening in the crypto-sphere, and share advice for those concerned about their investments at this tumultuous time.
Earlier this year, when the pound fell, cryptocurrencies became an attractive alternative for amateur investors with three in ten (29%) admitting to being enticed by get rich quick schemes to help boost their income, according to research from the London Academyof Trading (LAT).
This prompted the UK’s first accredited trading academy to issue a fresh warning to anyone looking to start trading.
Now, with crypto giant FTX filing for bankruptcy – shaking the industry and wiping billions from the market – many small investors face major losses, and industry experts are calling for new regulation and support,led by Binance Chief Changpeng Zhao at the G20 summit in Bali.
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