What are your thoughts on whether crypto investments can really be exceptionally risky and volatile?

As I commented in yesterday's post about the high probability of seeing high volatility in the price action in the coming days and weeks, indeed it started to happen or at least in the last 24 hours volatility in Bitcoin became present.

The above gains strength, if we take into consideration that the price rose to the $47,000 area and at the time of writing this post the price is already in a downward spiral, behavior that somehow creates a lot of uncertainty but at the same time leaves opportunities to buy / sell.

According to information disclosed by Turner Wright, "While many await SEC approval of a Bitcoin spot exchange-traded product, the commission's chairman warned that crypto-investments can be exceptionally risky and volatile."

On the other hand let's recall that "U.S. Securities and Exchange Commission Chairman Gary Gensler posted a thread on the social networking platform X (formerly Twitter) as many asset managers await the final word on the approval or denial of their applications for spot Bitcoin exchange-traded funds."

Last and not least, "Many have criticized Gensler for the SEC's failure to approve a spot cryptocurrency ETF despite years of applications by numerous asset managers. Canadian regulators allowed companies to list spot Bitcoin ETFs on exchanges starting in 2021."

In consideration of the above mentioned in this post, what are your thoughts on whether crypto investments can really be exceptionally risky and volatile?

Cointelegraph. Gary Gensler issues warning on crypto ahead of potential spot Bitcoin ETF approval. Link