‘Just stay away’: Financial accounting professor says crypto industry moving more toward speculation

From bnnbloomberg.ca

The cryptocurrency industry is broadly moving toward a more speculative system amid political influences and one professor of financial accounting advises investors to stick to some of the mainstay assets in the industry or avoid the sector altogether. Erica Pimentel, a professor at the Smith School of Business, said in a recent interview with BNNBloomberg.ca that it’s difficult to ignore the political ties emerging from U.S. President Donald Trump’s administration and the crypto industry. Last month, Bloomberg News reported that Trump will host a dinner later this month with the top 220 holders of the ... (full story)