Today marked the sixth anniversary of The Bedokian Portfolio blog.

My anniversary posts were usually filled with tips, advice and pointers; some current, some cliched and most of the time common sense. For this anniversary message, I would like to go into a recent occurrence and hope that there will be some lessons drawn from my opinions. That occurrence would be the crypto meltdown.

Crypto Meltdown

The first two weeks of May 2022 saw one of the largest events happening in cryptosphere. Known as the Terra-Luna collapse, investors around the world lost millions, if not billions, collectively. Consequently, there were a number of tragic happenings, ranging from big monetary losses to loss of life. 

And that is not all. As a result of the collapse, other cryptocurrencies began to fall in value, with Bitcoin, considered the “grandfather of all cryptocurrencies”, fell to a low of almost SGD