“If I’d sold everything, I would’ve had a quarter of a million pounds,” Duncan* says ruefully of the staggering worth of his cryptocurrency holdings at the start of this year.
Like lots of amateur investors, the 47-year-old former primary schoolteacher got into cryptocurrencies in a big way during the coronavirus pandemic, ploughing his life savings into a portfolio that was ballooning in value and that he believed would enable him to get on the property ladder.
“I wanted to get to $500,000 (414,000), then take half out. I had over $300,000 around Christmas,” Duncan says.
However, speaking from his home in Edinburgh, he confesses to having lost almost all of it in the recent digital assets market rout. He is left with a portfolio worth (at the time of writing) about 4,000 – a fraction of the estimated 40,000 he poured in. He remains sanguine: “I’ve got friends who have lost eight-figure sums of money.”
Duncan is one of a growing number of Britons investing in digital assets. At the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...