Crypto Carnage

Last May (Crypto Volatility) when Bitcoin was trading above $8,700, I wrote that, while bullish on the potential for the underlying technology, I expected the majority of these digital currencies would end up worthless. At the time, there were over 1,600 ‘coins’ listed on the website, with a combined market value in excess of $400BN.

Some of the smartest minds in Global Tech are working on developing solutions in this sector and some would succeed as we move to a cashless society over the next 5-10 years. In the meantime however, the rampant speculation in the crypto market has bubbled over. I expect that ‘bitcoin’ will trade under $4,000 (down from $8,700 today) before it makes new all time highs, if that ever happens and the vast majority of the other digital coins will disappear into the ether.
— Secure Investments, 15th May 2018

Roll forward to today, you can buy a Bitcoin for $3,980. There are now 2,073 coins listed on but their combined market value has plunged -67% to $131BN. Some will emerge from the carnage but the majority will die.


At Secure Investments, I advise individual clients on their pension and non-pension fund investment portfolios. To learn more about my Active Asset Allocator and Gold Trader investment strategies, please get in touch at or 086 821 5911. If you are reading this via LinkedIn, why not visit Secure Investments and subscribe to get exclusive content for free. No spam, ever. Just great stuff.


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