Crypto operates on the greater fool theory. Because it has little real world use currently, investors are buying it on the premise that they will be able to find someone down the line willing to buy it off them – the greater fool, or some optimist who believes they have found their own golden ticket.
Renewed volatility in markets has awoken the investors from summertime slumber.
News directors drag out dated file footage of frantic traders and summon talking-head experts to explain what it all means. Well, what does it mean? More importantly, does it matter?
This New Year it is also a great time to start making solid financial resolutions that can help get you closer to your money goals, whether it’s increasing your retirement savings or setting enough money aside for a down payment on a house.
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