Cryptocurrencies
Former Crypto Day Traders Say No Thanks Even as Bitcoin Roars Back
- Retail volume in US rose to 35% from 33% since first half
- ‘The allure is kind of gone,’ one former daytrader says
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Between 2013 and 2017, Peter To claims he made more than $1 million by day-trading Bitcoin during its bull runs.
While the world’s largest cryptocurrency has rallied in recent weeks, more than doubling from levels after last year’s epic collapse that helped blow up the FTX exchange, the 34-year-old professional stock trader in New York says it’s not enough for him to go back.