Thinking of buying bitcoin or other cryptocurrencies? What to know before you do – Global News

Bitcoin is trading around US$62,000 this week, a nearly 70 per cent increase from a year ago.

If you’re wondering, as an investor, whether you should dabble in digital tokens, you’re likely to hear very different opinions from investment advisors. While some remain loath to put any of their clients’ money in crypto, others argue investors who can stomach the risk may want to consider devoting a small share of their portfolio to this new type of asset.

SQUID, which never had any official affiliation with Netflix, traded for a week before its creators abruptly announced they no longer intended to develop the token.

If you’re investing in crypto, get ready for a rough ride.

Brian Mosoff, CEO of Toronto-based Ether Capital, agrees.

And if people at some point decide that they don’t want it, then the price could go to zero,” he says.

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