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Cryptocurrency is going mainstream faster than anyone expected 4 May 2021 9:56 AM Bitcoin has gone mainstream and you don't want to be left behind. If you bought $100 worth of bitcoin at 10c on the 10th of October 2010, you would have been able to buy 1,000 bitcoins. Today, that same investment would be worth an incredible $55m (R853m). Bitcoin has been on a remarkable trajectory that’s outpaced other investments, including stocks, property and commodities. Bitcoin wrapped up 2020 just a tad shy of $29,000 (R420,000). So far, in 2021, the price has nearly doubled, soaring to around $55,0...

5 considerations before investing in cryptocurrencies Investing in cryptocurrencies has become a controversial and much-talked-about topic. One of the biggest arguments for investing is the volatility of the asset class and the unmatched return potential. This is not a guaranteed feature of cryptocurrencies, though, and there are a few considerations to be made before making your first investment. Never invest above your means The nature of the volatile crypto markets provides the opportunity for significant gains — and large losses. Therefore, investing in this asset class is not recomm...

MONEYWEB Investing in bitcoin alone is a sub-optimal strategy. 00:03  Investing in a single asset gives you considerably less exposure to the sometimes unpredictably good performance of another asset. Image: Supplied Diversification is a bedrock principle of sound investing, and things are no different when it comes to cryptos. Many crypto investors only hold a single crypto asset, like bitcoin, but this approach is somewhat flawed if your goal is to generate a return. An investment into a single asset provides you with 100% of the gains or losses associated with that asset, but not all...

Six years ago, Ethereum hadn't even been launched and bitcoin was worth only 0.4% of what it is today. We now have a better idea who some of the winners in this crypto race are likely to be.

There are more than 5 000 cryptocurrencies in existence today, and 1 200 of these have market values of more than US$1-million. While bitcoin is the oldest and best-known cryptocurrency, an ecosystem of developers, traders, investors, miners and entrepreneurs have entered the crypto space. At this date, all these have brought the existence of thousands of new cryptocurrencies. Some compete with bitcoin, while others do something completely different. Some are wildly successful, while others are duds. This spectrum exists in crypto, too. Some cryptocurrencies aim to offer cash-like anonymity, ...