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What’s The Deal With Cryptocurrencies Like Bitcoin? Here’s Your Primer
January 28, 2021
Imagine this: If you had spent about $400 to purchase 30 Bitcoins in 2012, today you would be a millionaire. Welcome to the thrilling, highly volatile, mostly unregulated, and yes, at-times addicting world of cryptocurrency, where your investments can triple in a matter of months or crash in a matter of days. Cryptocurrency is the Wild West of finance.
In January 2020, one Bitcoin was worth $9,500. Today, one Bitcoin is worth more than $35,000. You are likely asking yourself, “Why didn’t I buy Bitcoin years ago, when my crazy libertarian friends told me to invest?” Fear not. It’s still not too late to enter the game. As cryptocurrencies become more mainstream and easier-than-ever to buy, and inflation becomes a very real risk, assets like Bitcoin could continue to increase in value.