The Crypto Crash Gets Mom and Pop Retirement Investments
The crypto currency craze has seen thousands of hardworking Americans saving for retirement suffer massive losses in their investment savings. Why? Because within the past year, inexperienced and unknowledgeable investment advisors have recommended shares of publicly traded crypto currency focused companies to them as a safer way to profit from the rising valuations of crypto currencies, such as Bitcoin.
Unfortunately, many of these publicly traded crypto currency based corporations have sustained massive share valuation declines and losses (in excess of 75% from their highs) far in excess of the devastating losses which actual direct investment crypto currencies have sustained, resulting in catastrophic losses wiping out the value of their retirement funds and also causing many retirees to delay their retirement and keep working just to earn what monies they can, to help restore losses sustained by investing in speculative and unsuitable crypto currency companies. These companies include World Liberty Financial (WLFI), American Bitcoin (ABGC), MicroStrategy (MSTR), Coinbase, CleanSpark (CLSK), Galaxy Digital (GLXY), MARA Holdings (MARA) and Riot Platforms (RIOT).
We offer a free initial consultation to investors who feel they may have been improperly sold shares of crypto currency monies and have sustained damage to their retirement funds as a result. For an appointment, contact the Law Offices of Timothy J. O’Connor at tjo@tjolaw.com, star@tjolaw.com, or 518-426-7700.
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