Crain’s NY: “City’s leading VC says crypto has hit bottom”By admin_45 in IN THE NEWS
Excerpt from Crain's New York quoting DataTrek's Nick Colas:
.... "The sector's fundamentals remain poor, and Google searches for the term "Bitcoin" have nosedived alongside growth in new accounts. But if you're thinking of a taking a shot at crypto-investing, one of Wall Street's smartest analysts, Nicholas Colas of DataTrek Research has some useful advice: Invest only as much as you would spend on the most expensive meal you'd be willing to pay for.
"Small amounts of capital plus time (and a little market euphoria) have historically equaled a reasonably good return. History may repeat itself. " Colas wrote in a recent report. "And if it doesn't, you are only out one nice lunch"....
Read the whole article here on Crain's New York Business!