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The EU is unhappy with bitcoin owners

2:22 pm, October 21, 2024

The European Central Bank (ECB) has published a report warning of the risks for crypto beginners investing in bitcoin BTC $97,886.06 Bitcoin -0.40% Market capitalization $1.94 trillion VOL. 24 hours $1.07 billion . According to the study, the bulk of cryptocurrency profits are made by experienced market players, while new investors are more likely to suffer losses due to sharp fluctuations in the value of the asset.

The ECB report emphasizes that newcomers entering the market during price growth often lack sufficient information and experience, which in turn leads to losses in the event of sharp drops in the rate of digital assets. The regulator draws attention to the fact that it is the lack of awareness of new investors that makes them vulnerable to losses.

The central bank also expresses concern about the possible impact of such situations on financial stability. Massive investments in cryptocurrencies, in the absence of a proper understanding of the risks, can lead to negative consequences not only for individual investors but also for the economy as a whole. That is why the ECB emphasizes the importance of regulating this market segment.

The ECB report points to the need to improve financial literacy among the population, especially among those who are just starting out in crypto investments. The regulator calls for a more transparent information policy on the risks associated with cryptocurrencies to protect newcomers from financial losses.

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