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Want to invest in cryptocurrency? Here is all you need to know
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Cryptocurrency has been controversial for long. Usually, investors are always doubtful about investing in it. As it is a volatile asset class, experts say, cryptocurrency investors should have a high-risk tolerance. For instance, the world’s largest cryptocurrency Bitcoin came to an almost 4-month low in April 2021. Earlier Bitcoin had dropped down by 50 per cent to $30,066 from its record high of $64,895. Ethereum had also dropped nearly 57 per cent to $1,850 during that month.
There have always been a lot of uncertainties in this class of assets. However, this has not deterred Indians from investing in this asset. But one should not jump into it unprepared. Do some research about the asset class before diving in.
Darshan Bathija, CEO and
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