Donald Trump’s cryptocurrency mania poses risk for our super
This distinct lack of guardrails, and the well-known volatility of crypto – data shows that over the past decade the cryptocurrency market has been almost five times as volatile as the US sharemarket – is one thing when it’s young investors who are eager to take high risk for possible high reward. But it’s another when people’s retirements are involved.
Considering cryptocurrencies are still such a new asset class, there’s no long-term performance data to assess their suitability for super investments.Credit: Bloomberg
One of the most likely reasons for this loosening of regulations (gold and private investments are also set to be added to what US funds can invest in) is that the industry is under increasing pressure globally…
