WOW! WOW! WOW! Despite all the frauds and losses, crypto is off to a strong start in 2023. BTC is up 27% YTD while ETH is up 31%. Apparently a lot of crypto shorts are getting liquidated. I have three simple rules for investing: 1) don’t short 2) don’t use margin 3) don’t easily get involved. I am glad I stayed out of all these crazy price movements of crypto. What is really going on here? Retail investors are not getting back in crypto any time soon. Conservative institutional investors are on hold. I truly wonder who are the buyers in this market…
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