Taking stock of crypto investing as a ‘crypto winter’ sets in

WHEN a single bitcoin was worth nearly US$69,000 in November last year, it would have been tough convincing some investors that cryptocurrencies were not worth the risk.

Warnings of a bubble were met with retorts such as: “Have fun staying poor.”

But a recent painful correction in prices, as the asset class heads into another “crypto winter”, has prompted some humility and soul-searching.