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Bitcoin prices sky-rocketed 200% in 2020 but small investors should stay away: Here’s why – Economic Times

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There is no enforceable regulatory mechanism or backstop available in its current form.

Synopsis

Investing in bitcoins is convenient and cheap—the minimum ticket size is as little as Rs 100. However, investors should be aware of multiple red flags before considering this as an investment option.

ET Wealth reached out to experts to know how investors can safeguard their finances from the volatility that raged in 2020 and the uncertainty that looms in the horizon. This week’s cover story explains 11 steps that one should take now to improve one’s finances in the New Year.Here are the smart money moves for those looking invest in bitcoin.Don’t get tempted by bitcoin frenzyBitcoin prices have surged more than 200% this year, taking it past

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ET Bureau

4 mins read, Last Updated:

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