Bitcoin is the first and most popular cryptocurrency out there. There are other cyrptocurrencies that came after such as Ethereum, Solana, Dogecoin and more. They have grown in value since their introduction especially bitcoin and have made many people very rich.
So should you invest in cryptocurrencies? Investing on them entails buying and holding them until their values go up. The problem is you don’t know and no one really knows when and if they will continue going up after you buy them. It’s basically a guessing game and similar to gambling so the risk is quite high.
The price of a cryptocurrency will depend on its adoption and popularity. If more people is going to use it then the demand will go up since the supply is limited. This is how you are going to make money from cryptocurrency but there’s always the question of when are you going to sell and take a profit.
Investing in cryptocurrencies is high risk so I don’t really suggest it but if you ever decide to do it then remember my notes about diversification and risk management. I think it has higher risk than picking an individual stock so never ever put all your money into it. I have some money in bitcoin and ethereum because I believe that they are going to be adopted by more people in the future but I don’t know when and if it’s going to happen so I only put around 2% of my total portfolio into them.