Bitcoin’s rise has stalled, but some crypt experts think it could be in for a big move up this summer.
It could happen, but it also can go the other way.
Bitcoin’s all-time high is nearly $65,000 but was valued at under $2,000 four years ago so buyer beware.
Investors looking for new ways to make money have been investing in digital currency for more than a decade, although cryptocurrencies have just begun to be accepted by Wall Street and the mainstream media.
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
The recent meteoric surge in Bitcoin has opened the eyes of many investors to the more than 100 digital currencies. Dogecoin and now Shiba Inu have taken off recently before coming back to earth. Also, Ethereum, Cardano and Solano are popular among crypto investors.
Next week it may be another. But not every online broker allows you to invest in cryptocurrency. One way is through Crypto.com. Join over 10 million investors who buy and sell cryptocurrency.
Like with any investment, investors should invest with caution as cryptocurrencies are very volatile. Investors may lose a part or all of their proceeds.
Other places to trade cryptos such as Bitcoin, Ethereum, Tether and Litecoin are: