Renowned cryptocurrency analyst Willy Woo likened all cryptocurrency trading other than Bitcoin (CRYPTO: BTC) to gambling—unless you’re an insider who knows the game is rigged in your favor.
Crypto Trading Like Gambling, Says Woo
In an X post, Woo said that without an informational or structural edge, one shouldn’t invest in “crypto.”
“Not that I recommend buying crypto, you need to be an insider to get an edge, it works like a casino, the house will take your money,” they argued.
It’s worth mentioning here that Woo sees BTC and altcoins as very different and rejects lumping them together as “crypto.”