Still think of crypto as the ‘slots’ of the investment world? Think again
Bitcoin is known for its volatility; and for good reason. On 22 December 2017, it fell below $11,000, a whopping 45% from its peak. Then, on 2 March 2025, it recorded its biggest daily gain in history, adding over $10k to its price within a single day.
As a result, some would argue that investing in crypto is like playing the slots, i.e. you could ‘win’ or ‘lose’ it all in a single play. But by this token – all investing would be gambling. Well known finance commentator Peter Mallouk posted earlier this year that on any given day in the stock market, your odds of a positive return are just 53% – so, little better than a coin flip.
Playing the long-game
But before you yell “I told you so!”, it’s important to examine the…
