Opinion: Bitcoin, NFTs, SPACs, meme stocks — all those pandemic investment darlings are crashing


It's always dangerous to mistake marketing for value. For instance, anyone who invested US$1,000 (RM4,397) in a bitcoin fund - let's say the ProShares Bitcoin Strategy ETF - on Oct 28, when Crypto.com premiered its 'Fortune Favours the Brave' commercial starring Matt Damon, today would have US$468 (RM2,058). — AFP

The finance world, which is constantly on the lookout for rules and laws it can break in the interest of making more money, may have come up against the one law that can't be broken: the law of gravity.

Over the last few weeks and months, almost every financial asset has come hurtling back to Earth after high-altitude flights.

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