I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab.

Last winter, when crypto prices plunged and the industry was plagued by scandal, it was

dubbed Crypto Winter, a name that managed to capture the madness and the despair that

characterized the past six months or so for many crypto gamblers.

I want to stress that right now.

Crypto is a bad investment.

I have said this for a very long time and in the beginning, I was only laughed at.

The only use case for it is if you are like the financial planner for someone doing some

shady shit.

And if you are, maybe consider a career change.

For everyone else, investing in crypto is a gamble.

There are no protections for consumers and very little supervision of what goes on in

these exchanges.

When there are clear examples of outrageous mismanagement like in the case of FTX, the

US government will attempt to prevent further bad behavior, but they can only really go after

the American arm of crypto companies.

You might have noticed that many crypto companies have what amounts to two accounts, an alt

and a main.

The main company will be headquartered in the Bahamas, Singapore, Tokyo, or the Cayman

Islands.

And then there will be an American arm usually headquartered in San Francisco or Delaware.

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