You know, for a lot of folks, morality isn’t a concern when trading. And there’s nothing wrong with that necessarily.
Lots of folks think, “hey, if I can make money trading it, then who cares?”
But there are folks who think differently and want to think about the ethical impact of their investment choices.
And for many of them, cryptocurrency creates a conundrum.
On the one hand, it is an exciting new frontier of possibilities, with innovation and opportunities all around.
On the other hand, there are concerns about its ethical impact.
Some people just think of it as a get-rich-quick scheme for rich guys like Elon and Jack Dorsey.
And a lot of folks worry about the high computing requirements and the associated threat to the environment.
All of that can be a lot to digest, and far be it from me to tell anyone how they should or shouldn’t think.
But I did come across an interesting article you might want to look into, particularly if these moral decisions ever feel tough for you.
It talks about the positive economic impact crypto has had in places like Cuba and Africa, where crypto is raising people out of real poverty and giving them more of a footprint on the global stage.
It’s really fascinating.
I’m not saying you have to read the article and agree with everything it says. I just think it offers a different perspective that counters a lot of the popular jawboning about crypto.
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
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