The point is that you should be prepared for this type of loss due to the speculative nature of Bitcoin. Here is a note from Morgan Stanley on alternative inve

The point is that you should be prepared for this type of loss due to the speculative nature of Bitcoin. Here is a note from Morgan Stanley on alternative investments: Investing in alternative investments is speculative, not suitable for all clients, and intended for experienced and sophisticated investors who are willing to bear the high economic risks of the investment, which can include: -loss of all or a substantial portion of the investment due to leveraging, short-selling or other speculative investment practices; -lack of liquidity in that there may be no secondary market for the fund and none expected to develop; -volatility of returns; -restrictions on transferring interests in a fund; -potential lack of diversification and resulting higher risk due to concentration of trading authority when a single advisor is utilized; -absence of information regarding valuations and pricing; -delays in tax reporting; -less regulation and higher fees than mutual funds; -funds of hedge funds often have a higher fee structure than single manager funds as a result of the additional layers of fees; -risks associated with the operations, personnel, and processes of the manager.