BTC - Warning: Don't Buy Bitcoin Before Knowing These 5 Risks
2024-06-28 07:10:00 ET
In the past five years (as of June 26), the price of Bitcoin (CRYPTO: BTC) has skyrocketed 454%. There aren't many assets that have outperformed this one, which currently carries a market cap of $1.2 trillion.
There are compelling reasons for investors to buy the world's leading cryptocurrency right now, especially as it trades at 18% off its peak price. But there are also risks.
In the U.S., the Federal Reserve has a powerful influence over the economy. That's because it can set interest rates and adjust the money supply to spur or constrain growth. The central bank essentially controls the currency and affects the country's finances.
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Warning: Don't Buy Bitcoin Before Knowing These 5 Risks