The Bitcoin Bubble: Guardian Wealth Management Issues Warning To Investors About Fluctuations In Cryptocurrency Market

Global financial planning firm Guardian Wealth Management is advising investors in the region to remain cautious about bitcoin and other cryptocurrencies as the digital market falters.

In the past month the value of Bitcoin has fallen by 50%, while other cryptocurrencies such as Longfin are down around 10-15%. This drop in value comes as countries around the world take a firmer stance against trading in cryptocurrencies, with South Korea introducing a ban on anonymous crypto-trading and India suspending the accounts of cryptocurrency investors.

“It’s no secret that cryptocurrencies are a very volatile market but with countries such as China and India making statement moves and even fining some investments on tax evasion, it is causing the entire industry to re-evaluate,” said Elliott Parkhouse, Senior Financial Planner at Guardian Wealth Management.