07.10.2024 11:17:00

5 Top Risks to Know Before You Buy Bitcoin

Bitcoin (CRYPTO: BTC) is one of the best performing assets in recent memory. In the past decade, this leading digital currency has skyrocketed about 185-fold. And today, it carries a market cap of $1.2 trillion, which rivals some of the world's most valuable companies.With the cryptocurrency trading 18% off its record high, you might be ready to buy the dip. But before you do, take the time to understand these five key risks first.Perhaps the most obvious risk is that the U.S., the world's most dominant economy, follows China's footsteps and completely bans Bitcoin within its borders, making it illegal to trade and mine it. Because it provides an entirely new alternative to the government's power over the money supply, the crypto is a direct competitor to the Federal Reserve.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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