{"id":83940,"date":"2025-07-13T08:13:30","date_gmt":"2025-07-13T07:13:30","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=83940"},"modified":"2025-07-13T08:13:30","modified_gmt":"2025-07-13T07:13:30","slug":"sometimes-the-cost-of-being-wise-is-worth-paying","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/07\/13\/sometimes-the-cost-of-being-wise-is-worth-paying\/","title":{"rendered":"Sometimes the cost of being wise is worth paying"},"content":{"rendered":"

As The Telegraph has noted this morning:<\/a><\/p>\n

\"\"<\/p>\n

I am shocked, I tell you, truly shocked that a crypto company might have failed, taking its customers' funds with it. I mean, how could such a thing have happened?<\/p>\n

I hope you get my irony.<\/p>\n

Crypto is not fintech. It's just a massively high-risk gambling option. I am sure fools and their money will always be parted, but please do not fall for it. There is literally nothing of value in crypto, and absolutely no guarantee of value whatsoever. Nor is the backing of a state guarantee, which there is if you save in boring old pounds.<\/p>\n

This is an occasion when being boring is wise. And sometimes the cost of being wise is worth paying.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

As The Telegraph has noted this morning: I am shocked, I tell you, truly shocked that a crypto company might have failed, taking its customers’
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,136,212],"tags":[],"class_list":["post-83940","post","type-post","status-publish","format-standard","hentry","category-banking","category-city-of-london","category-economic-truths"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/83940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=83940"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/83940\/revisions"}],"predecessor-version":[{"id":83942,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/83940\/revisions\/83942"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=83940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=83940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=83940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}