'It's almost certainly not suitable for retail investors as a mainstream investment category … It's gambling money,' said Lord Hammond. bitcoin cryptocurrency
Former UK Chancellor Lord Hammond Warns About Crypto Investing — Says 'It's Gambling Money'
Lord Hammond was a U.K. cabinet minister who served as the chancellor of the exchequer from 2016 to 2019, foreign secretary from 2014 to 2016, and defense secretary from 2011 to 2014. He joined the House of Lords in July last year. It’s almost certainly not suitable for retail investors as a mainstream investment category … It’s gambling money. I think people should be extremely cautious. Many regard them as closer to gaming than serious investing.
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