If you plan to venture into bitcoin, CNET recommends thatat most you invest 5%of your portfolio.
And be ready topotentially lose it all.
Don’t invest beforepaying down high-interest credit card debtor building anemergency fund.
“That’s very risky.”
Hundreds of billions of dollars in trades flow through the system on any given day.
That said, a couple of factors are likely playing into this recent jump in value.
Think of them as mutual funds that invest in a bunch of different crypto-related assets.
But that ETF was a wonky financial instrument and not a true investment.
It’s often referred to as a roller coaster, and there’s a good reason why.
In June 2022, itcrashed below $18,000.
Now it’s trading near all-time highs.
This reduces the supply of new bitcoins created and potentially pushes up the price, CNBCreported.
Currently, CoinMarketCap says its index is tipped to “Extreme greed.”
If you still want to invest, CNET has a lot ofresources to help get you started.
But consider yourself warned.
