Small-scale investors left counting the cost this year after value of digital assets fell off a cliff

“If I’d sold everything, I would’ve had a quarter of a million pounds,” Duncan* says ruefully of the staggering worth of his cryptocurrency holdings at the start of this year.

Like lots of amateur investors, the 47-year-old former primary schoolteacher got into cryptocurrencies in a big way during the coronavirus pandemic, ploughing his life savings into a portfolio that was ballooning in value and that he believed would enable him to get on the property ladder.

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