Crypto
By Mitchell
March 13, 2023
Bitcoin's Growth
Bitcoin is still down more than 50% from its high point in late 2021, caused by several things. Price changes could mean that bitcoin's (BTC) volatility is very important for investors.
Bitcoin's Growth
Even though volatility is only sometimes a good metric, this number doesn't show what the sphere is like. Before concluding, it would help to have a broad view of the space.
Where bitcoin is right now
The price of Bitcoin and other cryptocurrencies is volatile, going up and down. This volatility could mean that there are risks that investors should look into before making any moves.
Where bitcoin is right now
In the last few weeks, bitcoin's price has increased from about $16,000 in November to about $25,000 in February 2023.
Money into Bitcoin
Everyone who invests in crypto agrees that it comes with risks and uncertainty. So, it would help to have a good place to put your money to work. The dangers are:
Money into Bitcoin
Capital loss: This is mainly caused by the market's natural instability. As an example, the price of Bitcoin fell by more than 60% in 2022.
Money into Bitcoin
Government Regulations: Crypto is becoming more and more regulated by governments. In the U.S., laws are being written, but in some countries, like China, trading and mining cryptocurrencies are illegal.
Money into Bitcoin
Frauds and hacks: 2022 was the year of cryptocurrency frauds after $3.2 billion worth of cryptocurrency was stolen in 2021.