SoFi Vice President John Foley: Real Risk in Losing Money in Crypto

Cryptocurrencies are on a rollercoaster ride. This week Bitcoin and Ethereum trading near their all time highs. SoFi Vice President and Certified Financial Planner John Foley warns investors to be careful with how much money they invest in this marketplace. Foley advises clients to not invest more money in cryptocurrency than they can afford to lose. Foley cautions people to make investments in cryptocurrency part of a balanced portfolio. "Fear of missing out should be fighting with a fear of losing money, " says Foley. Foley also recommends to diversity investments with several types of cryptocurrency.

More In Business

Unpacking the Marketing Brilliance Behind Taylor Swift’s Showgirl Era Easter Eggs

Bryan West, Taylor Swift reporter for USA TODAY, breaks down 'The Life of a Showgirl' and how Swift's Easter Eggs is brilliant marketing. Watch!

Comerica’s Chief Economist on What’s Fueling Market Uncertainty

Comerica’s Chief Economist Bill Adams unpacks U.S. retail sales, job growth, and the resurgence of market volatility—and what it all signals for the economy.

How Augury Is Powering Fortune 500s With AI Infrastructure

Saar Yoskovitz, CEO of Augury, shares how the company delivers AI infrastructure that Fortune 500s rely on to boost efficiency, reliability, and scale.

How Webtoon Is Leading Digital Comics – Inside What’s Next

David Lee, COO & CFO of Webtoon, shares insights on the company’s earnings, global growth, and how AI is shaping the future of digital storytelling.

How Kim Perell Turned Mistakes into Millions

Entrepreneur & author Kim Perell shares lessons from 'Mistakes That Made Me a Millionaire', revealing how failure was the key to building her success.

Warren Buffett’s company reveals investment in UnitedHealth

Berkshire Hathaway revealed four new investments Thursday in steelmaker Nucor, insurer UnitedHealth and two of the nation’s biggest homebuilders.

Big Business This Week: Is the U.S. economy entering its weird era?

The U.S. economy is in a strange place.

From Trade Tensions to Rate Cuts: What’s Driving the Market Now?

Mark Hackett, Chief Market Strategist at Nationwide, shares insight on market sentiment, Fed policy impact, and the outlook amid trade tensions.

Crypto 401(k)s Explained: Maple CEO Sid Powell on the Staking Revolution

Sid Powell, CEO of Maple Finance, demystifies crypto 401(k)s and explains how staking lets users earn passive yield while supporting decentralization.

Bullish IPO Soars: An Inside View with President Chris Tyrer

Chris Tyrer, President at Bullish (NYSE: BLSH), reveals how the IPO-fueled rise of the company is redefining institutional crypto markets.

Load More