There are dangers lurking in the cryptocurrency market that could burn a lot of investors, according to Michael Dudas, a veteran gold analyst.
Dudas, a partner at Vertical Research, refers to the emerging asset class as a “dicey investment” — citing the amount of fast money flowing into the space and the lack of regulation.
“It’s a very speculative investment right now,” he said Tuesday on CNBC’s “Futures Now.” “Just in the last few days, the amount of volatility the market has seen has made headlines around the world.”
