Despite a tumultuous 2020, one investment stood head and shoulders above all others: bitcoin.
The largest cryptocurrency in the world by market cap has more than quadrupled in value over the trailing-12-month period through Jan. 17. It’s up a cool 9,310% over the trailing five years. Bitcoin blows pretty much all other equity investments out of the water, in terms of total return, since the beginning of 2016.
Bitcoin enthusiasts continue to point to its scarcity — a maximum of 21 million tokens will be mined — and growing adoption among merchants as reasons for its outstanding performance.
While there are smart ways to get rich from bitcoin, I believe there are also three awful ways to invest in this craze.
Full article here: The 3 Worst Ways to Invest in Bitcoin | The Motley Fool