Cryptocurrency investing is a risky but potentially highly profitable venture. If you want to gain direct exposure to the demand for digital currency, then investing in crypto assets is a good option. However, if you're looking for a safer but potentially less lucrative alternative, you can buy shares in companies with exposure to cryptocurrencies. It's important to remember that cryptocurrencies are very different from conventional investments in the stock market. So, is there a legal and legitimate way to invest in bitcoins? Experts advise against rushing into any investment just because it's relatively cheap.
According to Ark Invest CEO Cathie Wood, Bitcoin is a rules-based monetary system, as its monetary policy is set by code parameters. The rise and volatility of bitcoin this year has been great news for those who invested early, but it also raises questions about bitcoin's viability as a currency.