Is Buying Cryptocurrency Worthwhile or Just an Investment Into Fools’ Gold?

SourceThe Fintech Times
SectorFinancial Markets
CountryMiddle east

Rob Armstrong , Managing Director Restructuring Advisory, Kroll and Jen Harrison, Senior Manager, Kroll, share their thoughts on whether buying cryptocurrency is worthwhile or just an “investment into fools gold”? Over time, and certainly in the past year, with good reason, cryptocurrency has changed by association from being a salacious method of money laundering to becoming a serious contender for a profitable investment. More and more novice investors are dipping their toes in the metaphoric water and even large brands ( Starbucks, Amazon, Paypal, to name a few) are starting to accept cryptocurrency as a form of payment. As more money is being converted into cryptocurrency, these types of assets are becoming more prevalent in insolvent estates.

As a result, it’s important to explore what this really means for creditors of companies or bankrupts who have invested in cryptocurrency. Because cryptocurrency is decentralized, in other words, it’s not tied to a country’s currency, nor is it regulated, it is widely...read more...