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Meme Crypto Tokens (Investment Based On Speculation)
The current position of the crypto market right now is that everybody is investing in meme coins based on a speculation that they might hit a certain value next year. Is investing in the coin based on this speculation since it comes with a lot of uncertainty halal? Example ; I buy the coin for X amount today hoping it will be 100X by next year but I don’t lose anything since it will either go up or stay the same amount.
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1 Reply
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Meme Crypto Tokens (Investment Based On Speculation)
updated 23 hours, 26 minutes ago
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Uncertainty is always there in every business. The element of risk does not make a trade haram. We tell only about halal and haram, now it is a matter of practical wisdom to decide whether or not to invest in a business.
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