Veteran investor Ross Gerber warned individual investors on Monday against putting their money in cryptocurrencies other than Bitcoin (CRYPTO: BTC) owing to a probable surge in fraud and lesser government oversight.
What happened: During an interview with Reuters, Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, argued that the appointment of cryptocurrency-friendly individuals in the incoming Donald Trump administration won’t safeguard retail investors from scams that may arise during a bull market.
“We’ve already seen frauds in the United States with certain coins already, and it’s like the minute Bitcoin starts to do …Full story available on Benzinga.com
