2 Reasons to Invest in Crypto — and 2 Reasons Not To | Personal Finance

For some people, losing money is the worst-case scenario. That’s fine, and it means crypto probably isn’t the right investment for you. But if you’d rather risk losing money so you don’t have to live with the “what if”s down the road, you might consider investing.

Why cryptocurrency may not be right for you

1. It’s a highly speculative investment

One of the greatest risks of buying cryptocurrency is that nobody knows what the future holds. Unlike stocks, cryptocurrency doesn’t have a long track record. Bitcoin was launched just over a decade ago, and many other currencies are just a few years old. That’s not much time to determine whether these investments will continue growing over the long term.

Even the experts are divided about its potential. Tesla CEO Elon Musk, for instance, has been a vocal supporter of both Bitcoin and Dogecoin, while Warren Buffett has famously voiced his disdain for cryptocurrency.

There is a chance it could become widely adopted someday, but it could just as easily fail. If you’re a risk-averse investor, those odds aren’t ideal.

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