Currently, Bitcoin is priced at roughly $39,000 per token.
If it does end up doubling or even tripling in value, however, investing even a small amount now could be a smart move.
Even the experts are divided over its potential, with some predicting it will soar in value, while others believe it will drop to zero eventually.
Even if crypto does thrive over time, it will likely experience high levels of volatility in the short term.
The agency advised fiduciaries considering offering crypto as an investment offering to “exercise extreme care,” citing that cryptocurrency may be too risky for retirement savings.
Similarly, if you’re a risk-averse investor, Bitcoin’s wild ups and downs could make it a stressful investment.
On the other hand, if you have cash to spare and are willing to take a gamble, you may choose to invest a small amount in Bitcoin.
Just be sure, though, that you’re only investing money you can realistically afford to lose.
And if you decide Bitcoin isn’t the right option for you, there are plenty of other investments out there that could be a better fit.