At least with precious metals (and remember, I am not a gold bug either) is that, if the price goes down, you still have the actual bullion.
I can't see anywhere that Crypto currencies are backed up by anything. It is like a plastic bag full of air - let the air out and all you are left with is the plastic bag.
It is somewhat strange to me that it appears that investors think that Cryptos are a hedge investment equal to gold and silver. Only takes one bad announcement to see how volatile cryptos actually are.
In the meantime, the GP gets adversely affected as do gold miners - and really, only for human greed in (literally) having the chance to get a chance at a short term financial gain on a very risky venture. May as well go to the casino and plonk att the cash on 18.
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