3 Facts You Should Know Before Investing in Bitcoin

Are you planning to invest in Bitcoin anytime soon? I’m not surprised that many people are itching to venture into the cryptocurrency space.

Those who invested on December 31, 2020, are winning by 88% — a remarkable year-to-date gain.

They say it makes more sense to invest in BTC today, because more institutional investors are taking positions.

Bitcoin is a highly volatile, hazardous investment compared to traditional or mainstream investments.

Understand that for this crypto, the big returns you expect could be bigger losses in the end.

The blockchain technology that supports BTC is hard to hack, but you can’t discount the possibility of theft and fraud.

No central bank or monetary authority has control or supervision over Bitcoin yet.

You don’t need substantial capital to invest because the price is only $6.21.

Hut 8 Mining has a market capitalization of $707 million, and the company engages in an industrial-scale Bitcoin-mining operation.

Also, you eliminate the tech risks since you don’t need to create an online wallet to store your digital token.

If you can’t afford to lose your money, stay clear of the world’s most popular digital currency.

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