hello world!
Published: May 29, 2021

How $140B in crypto was lost while prices soared

What if you had a fortune you could never get your hands on?

What if the only thing standing between you and your millions was a forgotten password?

That’s a painful reality for some cryptocurrency owners.

They can’t access their digital wallets because they can’t remember their passwords. And because cryptocurrency is encrypted, these passwords can’t be reset. They also strictly limit how many times someone can try a password.1

If you try too many wrong passwords and hit the limit, you’ll be locked out of your account — forever.1

This nightmare situation isn’t a small problem.

Nearly 4 million bitcoins are in stranded or locked digital wallets. That’s about 1 in every 5 bitcoins … or roughly the equivalent of $140 billion.1

And it’s just one risk you could be taking with a cryptocurrency investment.

Click here to check out this issue of the Visual Insight Newsletter!

Cryptocurrency is still a really risky space, despite all of its thrilling promises of big gains. Even if you remember your digital wallet password, there are cyber criminals coming up with new, sophisticated scams every day.

If you don’t know how cryptocurrency works, you could be their next mark. And you could see your digital assets disappear before you know it.

Want to read more about the risks of cryptocurrency and when it may be a good investment?

Securities Regulations: According to industry regulations, we cannot accept orders to execute trades via voice-mail, e-mail or fax. In addition, by corporate policy, we cannot accept time-sensitive information via e-mail or fax. If you would like to execute a trade, or if you have time-sensitive information, please call the office. In the event that you are unable to reach our office please call TD Ameritrade at 800-431-3500. Confidentiality Notice: The information contained in this e-mail message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete.

P.S. What’s your biggest question about cryptocurrency? Hit “reply” and let me know.

1https://www.nytimes.com/2021/01/13/business/tens-of-billions-worth-of-bitcoin-have-been-locked-by-people-who-forgot-their-key.html

Risk Disclosure: Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results.

This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. For illustrative use only.

Murray Financial Services (“RIA Firm”) is a registered investment adviser located in Chico, CA. Murray Financial Services may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Murray Financial Services s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Murray Financial Services’ s web site on the Internet should not be construed by any consumer and/or prospective client as Murray Financial Services’ s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Murray Financial Services with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Murray Financial Services, please contact the state securities regulators for those states in which Murray Financial Services maintains a registration filing. A copy Murray Financial Services’ s current written disclosure statement discussing Murray Financial Services’ s business operations, services, and fees is available at the SEC’s investment adviser public information website – www.adviserinfo.sec.gov or from Murray Financial Services upon written request. Murray Financial Services does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Murray Financial Services’ web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. This website and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice.

Leave a Reply

Your email address will not be published. Required fields are marked *

Free Tools:
Goal Calculator
Begin planning your financial future and start setting goals.
Goals Calculator
Risk Analysis
Quickly find out your risk number and see how you should be investing.
Get Started
Market Report
Stay informed about the market with our weekly and quarterly market reports.
Read Reports
Newsletter Signup

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Murray Financial Services, 140 Yellowstone Drive, Chico, CA, 95973, http://murrayfinancialservices.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
© 2021 Murray Financial Services, LLC. All rights reserved.      Disclaimer    |    Privacy    |    Terms of Use
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram