UBAID MUSHTAQ & MAKHMOOR BASHIR
According to Prof Yermack from New York University, you should never
invest in anything that you don t understand . Cryptocurrencies have been
branded as a new financial system free from old sins of banking regulation,
central banking policies, leverage, regulations, and so on. While many
investors recognized the potential of this new financial system, it was large
corporates located mainly in the US and China, which provided much impetus to
cryptocurrency markets. Quickly some cryptocurrencies like Bitcoin reached
their all-time high in mid-April this year, and everyone was quick to recognize
the potential of this market and began to reinvent and invest in this market