Everything is a con job. This “investment” vehicle never made sense to me. Thus I never touched it. The younger folks seemed to have fallen into this con however. My youngest brother wanted to get in it but fortunately did not. Hopefully because of our discussions.
Just another the “emperor has no clothes” rip off. Even some investment bankers got sucked in. Bernie Madoff part 2.
The cryptocurrency fad is something I never understood. And I’ve worked with computers, programming etc. for years. So it’s this big database and you ”own” an imaginary number of something that doesn’t exist. No thanks. All my instincts say to run away from something like that. It sounds kind of like a virtual version of a multi-level marketing scam.