Reasons Why The Crypto Dream Is Turning Into A Nightmare

No Insurance

Cryptocurrencies boast that they are not subject to the same regulations as regular banks. However, there is a potentially dangerous side-effect because they don’t have the same insurance either. If a standard financial institution suffers bankruptcy, customers can secure some of their savings.

They won’t get everything back but it’s better than losing everything. Unfortunately, the latter is the reality for many investors when their crypto dream falls apart. As more of these horror stories arose, more people became wary about investing in cryptocurrencies. That’s not a surprise (via CNet).