Crypto Investments are One of the Biggest Threat in 2020
According to the North American Securities Administrators Association (NASAA), cryptocurrency investments are among the top 5 biggest threats for investors in 2020.
The oldest international investor protection organization NASAA has officially announced the top five schemes or products that will be a threat to investors in the upcoming year. The authority surveyed different state regulators among the United States, Canada and Mexico to prepare the report.
The report includes crypto investments along with promissory notes, real estate investments, Ponzi schemes as well as online earning and social media investments are the biggest threats for investors in 2020.
Even Bitcoin is Not 100% Safe
The President of NASAA Christopher W. Gerold said that no scheme can gurantee a fixed return on investment. Anyone who promotes that their investment is risk-free is simply lying, there is no such thing possible Not even Bitcoin (BTC).
Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau of Securities said:
“It is important for investors to understand what they are investing in and who they are investing with. Don’t fall for promises of guaranteed high returns with little to no risk or deals pitched with a false sense of urgency or limited availability.”
