Getting a Loan to Invest in Crypto? Forget About It

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The Street

By Brian O’Connell Data shows that more and more Americans are taking out loans for cryptocurrency investments. Stop it, investment experts say. U.S. cryptocurrency investors are walking on thin ice on cryptocurrencies these days. Prices for high-profile cryptos are down significantly at the mid-year point. Bitcoin, for example, has lost approximately 50% of its value in the past two months while Ethereum has fared worse, falling from $4,800 in November 2021 to $1,000 in June 2022. You’d think downward-sliding cryptos prices would be enough to stop investors from taking excessive risks with cr…

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