Cryptocurrency has been yield extraordinary returns in 2021. Dogecoin is up more than 13000% so far in 2021, Ethereum Classic is up over 1800% from the past 3 months, and Ethereum is up over 100% from the past 3 months. While these cryptocurrencies are promising Elon Musk tweeted last night making a suggestion to “please invest with caution!”
There seems to be some “slick hate” going on in the investing community leading up to Elon Musk’s SNL appearance on May 8th which dogecoins social media army has been rallying to hopefully send the altcoin to the moon.
SEC Chair suggests that Congress regulate crypto exchanges and Billionaire Warren Buffet says that apps such as Robinhood are catering to the gambling instincts of investors.
Investing and “Day Trading” has been taking place for decades but there are more young, minority, and middle class investors than ever before.
Question: Are these newly suggested regulations an attempt to stop a stream of new upcoming millionaires??? Let us know what your opinion is in the comments.