Cryptocurrency prices are skyrocketing, but experts say beginners should be cautious about entering the market.
Should I invest in cryptocurrency?
PayPal recently began allowing customers to buy cryptocurrencies as part of a growing movement to make investing in crypto easier. But be careful whose advice you take when investing.
“There seems to be no shortage of self-proclaimed crypto investing experts peddling advice on social media and forums, all promising to know the secret formula for crypto investing success,” David Janczewski, co-founder and CEO of crypto software company Coincover, said in an email interview. “But they don’t really know.”
Many people are getting into cryptocurrency, encouraged by rising prices. According to a recent report by Crypto.com, there has been a 15.7% increase in crypto users from December 2020 (92 million) to January 2021 (106 million).
