RATE Group | SmartMoney Podcast: ‘Is Bitcoin Safe?’ – Business – Wilmington Star News
89267
post-template-default,single,single-post,postid-89267,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

SmartMoney Podcast: ‘Is Bitcoin Safe?’ – Business – Wilmington Star News

26 May SmartMoney Podcast: ‘Is Bitcoin Safe?’ – Business – Wilmington Star News

Posted at 18:26h in Bitcoin News by

Welcome to NerdWallet’s SmartMoney podcast, where we answer your real-world money questions. This week’s question is from a listener who asks, ‘Is bitcoin a safe investment? And do you recommend it?’

Check out this episode on any of these platforms:

Apple PodcastsSpotifySoundCloud

Welcome to NerdWallet’s SmartMoney podcast, where we answer your real-world money questions.

This week’s question is from a listener  who asks, ‘Is bitcoin a safe investment? And do you recommend it?’

Our take

There’s nothing safe about investing in bitcoin and other cryptocurrencies. You can lose a lot of money and there’s no guaranteed return.

Consider what happened with bitcoin in just a one-year span. In December 2017, one bitcoin was worth more than $20,000. A year later, the value had plummeted to $3,000. It’s been up and down ever since. Plus, there are other risks. You could lose your investment to hacking or fraud. Also, cryptocurrency is still in its infancy and there’s no way to tell…

Source link

Tags:
, , , , , , ,