It’s been a hot year for cryptocurrency, and Bitcoin is no exception.
For some people, buying stocks is a scary idea, due to the risks involved.
Cryptocurrency, generally speaking, is more volatile than stocks, and the price of Bitcoin could swing drastically from one day to the next.
The danger of stepping outside your comfort zone from a risk perspective is that fear might lead you to make rash decisions that result in losses.
If you’ve yet to dabble in cryptocurrency and your investment mix only consists of different stocks, then buying Bitcoin will allow you to own a different type of asset that may not move directly with the stock market itself.
That said, since Bitcoin can be risky, you may not want it to make up too large a chunk of your portfolio.
As the first digital coin, Bitcoin is a popular choice for investors looking to dabble in cryptocurrency.
There are plenty of ways to make money as an investor outside of Bitcoin — and all cryptocurrencies, for that matter — so you should only buy Bitcoin if it’s something you’re really excited about.