A couple of weeks ago, the cryptocurrency market tanked to about $900 billion from a high of $1.1 trillion after a more than 100% surge over the past month.
This is just the most recent example highlighting its volatile nature. Remember, it wasn’t that long ago when it crashed 80% by the end of 2018. And then it had about a 1000% surge since the beginning of 2019 akin to the short-lived surges of gold prices in the late 1970s and tech stocks in the late 1990s.
We get a lot of inquiries about investing in crypto currencies. As with all high-risk, speculative investments, consumers should make sure they understand what they’re investing in and how it fits into their overall investment strategy.