I must admit, I’ve been rooting for the crypto market to crash and burn. Not because I never invested in it and was resentful to see so many people get rich from it (though there were moments). But because I don’t understand it, what value it serves or what problem it solves.

So I spent the past 12 years assuming – and hoping – that crypto would go away. And now it might. Or at least, it might become a smaller part of the financial market. But now I’m worried. After a decade of drawing in investors, minting new millionaires and billionaires, and inspiring passion for investing among a new tech-savvy generation, I fear the consequences of it crashing and burning. Investors are in danger of learning the wrong lessons about risk.

Bloomberg Opinion