Silas has already prepared a list of companies he wants to invest in. But before he starts investing into this companies, Silas plans to first invest into cryptocurrencies, so that he quickly raise funds.
Unlike stocks, cryptocurrency is the least regulated financial sector due to its decentralized nature and massive global scale, thereby making it hard for a single country to implement any comprehensive regulation on it.
Due to its loose regulations, the cryptocurrency market is extremely volatile and filled with high risks. It also easier for things like fraud, market manipulation and security breaches.
Silas isn't actually new to crypto as he has dabbled in it for a little in the past during the it boom period, but he unfortunately lost all of his hard earned money.
He will admit, the Silas of the past was very stupid. Like how will someone invest into something he doesn't understand? If that's not stupidity, then he doesn't know what is.
