Is Cryptocurrency Really an Investment for the Long Term?

Nearly $1 billion was lost to cryptocurrency scams from the the start of 2021 through the end of March 2022, according to a May report from the Federal Trade Commission. Incidentally, May was when Luna Classic effectively crashed to zero in a matter of days, erasing a market capitalization that had once exceeded $40 billion.

Bad actors and crashes are why the cryptocurrency sector is often ridiculed by investors. It's viewed as a place for get-rich-quick speculators, not serious capital allocators.

Much of the criticism is fair. However, in some select cases, I believe cryptocurrency can really be a viable long-term investment. But first you'll want to understand the difference between cryptocurrencies and tokens. Here's why.

Source Fool.com