Market News
How to play safe while investing in cryptocurrencies like Bitcoin - FINANCIAL EXPRESS
By: Roshun Povaiah
Interest levels in cryptocurrencies are high, but not many investors have a risk appetite. Experts suggest a small portfolio allocation in cryptos, preferably as an SIP.
Bitcoin has seen a meteoric rise in value in the past one year. (Image: Pexels.com/David McBee)
With some cryptocurrencies like Bitcoin and Ethereum giving investors huge returns in the past few months, beating all other forms of investment in assets, retail investors are now dipping their toes into the water. The trouble is, not many understand what it means to invest in cryptocurrencies.
A recent poll on Financial Express Online showed that 40.6 percent of investors think cryptocurrencies are too risky to invest in, while another 37 percent said they don’t understand the market. About 15 percent said they would get in for quick gains.
