Wouldn't losses for most other asset classes be piling up as well? Direct exposure to assets or securities is inherently risky. I bought some shares of SHOP at ~$1,200 several months ago and now it's ~$320. a 73% loss is much worse than Block's loss of 22%.
I'm not sure how many companies add individual securities to their balance sheets, but the point is that people like to vilify this particular asset as if it is much riskier than traditional alternatives.
I'm not sure how many companies add individual securities to their balance sheets, but the point is that people like to vilify this particular asset as if it is much riskier than traditional alternatives.