By Steve Sjuggerud
"Cryptos today are like a game of pass the potato," Marc Chaikin told me. "The thinking is, 'If I buy this today, will someone else pay a higher price tomorrow?'"
Marc is actually a believer in cryptocurrencies like bitcoin. He just questions the price...
When any asset soars in price, it can reach a point where the idea behind it doesn't matter. And that can lead to big falls like we've seen lately – first in ARK, and in the crypto market recently.
Yesterday, I shared some of what I learned when I spoke to Marc – a 50-year Wall Street veteran – last month. Today, I'll share more of his insights on how to protect yourself from big potential busts...