Crypto sceptic and veteran investor Warren Buffett did warn us that when the tide goes out you can see who’s been swimming naked and there are plenty of corporate nudists on the beach.
The Betashares Crypto Innovators ETF is down 79 per cent since its first day’s ASX trade on November 4.
Australian-run sustainable bitcoin miner Iris Energy closed at $US4 a share on the Nasdaq on Monday. Last November, shares floated at $US28. Ouch.