Caught up in crypto fever? Heed lessons from 2022

THIS has been a comeback year for cryptocurrencies. In the first quarter, the US approved 11 spot Bitcoin exchange-traded funds (ETFs), while Bitcoin prices hit an all-time high.

This week, Hong Kong gave “initial approval” for asset managers to launch Bitcoin and Ethereum ETFs. Even meme coins and non-fungible tokens (NFTs) – which seemed to have collapsed just over a year ago – have rebounded, some with eye-watering returns.

Now, the industry is crossing another milestone: the fourth “Bitcoin halving”, set to happen this weekend.